Managers of Wealth Americas

Monolithic investment banks need a reality check

Scandals and instances of fund mismanagement call for an overhaul in client ties

Bankers may be ready to believe in themselves again

Eyeing better times ahead, New York's finance industry gets set to roll the dice.

Brokerages face exodus as advisers get better deal in indie firms

Almost 100,000 brokers – or about one-third of the industry – are expected to reach retirement age over the next ten years

JPMorgan to sell part of PE business to investment firms

The advisory firm will manage the portfolio being sold as well as the investments being retained by JPMorgan Chase.

Moelis to launch listed investment business

It is understood that the units have been priced at $1.25 each.

UMBF: Regional Banking With An Institutional Investment Edge

With 23 acquisitions over the previous 10 years, UMBF also boasts an expanding physical footprint for its banking division

Ex-Im Bank and Angola Sign Memorandum of Understanding To Boost U.S.-Angolan Trade

The three-day summit, which has drawn heads of state and ministers from across the African continent, is designed to advance shared priorities

Stifel Reports Second Quarter 2014 Financial Results

For the three months ended June 30, 2014, the Company reported non-GAAP net income from continuing operations of $51.3 million, or $0.68 per diluted common share. These non-GAAP results exclude merger-related expenses associated with the Company's re

CalPERS and UBS Global Asset Management Announce USD 500 Million Infrastructure Partnership

UBS will be the managing member and it will utilize the services of Infrastructure Asset Management

Morgan Stanley lends to Lotto winner to boost tailored loans

Competition among leading banks calls for open thinking.

Man Group Announces Closing of Pine Grove Asset Management Acquisition

As a result of the transaction close, Matthew Stadtmauer, formerly President of Pine Grove has become President of FRM.

Goldman Rethinks the Services It Provides Hedge Funds

Goldman also is pulling the firm's own cash out of its largest internal hedge fund

Big US banks shedding star financiers and traders

Many renowned bankers and traders have chosen the same path in recent months, leaving Wall Street for hedge funds or to build ventures of their own.

Citi Honored in 2014 Global Custodian OTC Derivatives Prime Brokerage Survey

The Survey identifies excellence as perceived by prime broker clients, primarily hedge funds, banks and asset managers, in twelve core service categories. In each case two providers were identified for inclusion in the Roll of Honor.

Investment Bank Job Cuts Loom as Cost Drop Trails Revenue

The largest global investment banks face further cost reductions, like the job cuts JPMorgan Chase & Co. began this month, after a drop in first-half expenses failed to match a decline in revenue.

Cantor Grows Wealth Management Biz With RIA Pickup

Investment banking firm Cantor Fitzgerald’s wealth advisory affiliate has agreed to buy Yardley-based investment advisor Capital Planning Advisory Group.

Morgan Stanley Said to Boost Junior Banker Salaries 25%

Morgan Stanley’s move is intended to aid younger employees with their cash flow amid higher bonus deferrals since the financial crisis

JPMorgan to Sell $1.3 Billion Loan Portfolio to Sankaty

Wall Street firms are unloading assets to comply with regulations requiring that they bolster capital and reduce investments

Lazard profit jumps 43 pct on higher M&A advisory fees

The company's adjusted net profit rose to $85 million

Legg Mason to buy Martin Currie

A truly international client base with a balanced spread across Australia, Asia, EMEA and the US.

Investment Banking