Managers of Wealth Americas

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.

Goldman Sachs Managing Director Nicholas Valtz Found Dead

Nicholas Valtz, a managing director in cross-asset sales at Goldman Sachs Group Inc. in New York, was found dead yesterday by family members who went searching for him after he didn’t return from a kiteboarding outing.

Bank of New York Mellon Profit Slides

The Bank of New York Mellon Corporation today reported second quarter net income applicable to common shareholders of $554 million, or $0.48 per diluted common share.

Morgan Stanley demonstrates the art of getting more out of staff while paying them less

The only division where Morgan Stanley still seems willing to pay for performance is wealth management

KeyCorp buys technology-focused investment bank and capital markets firm

KeyCorp said it has agreed to buy Pacific Crest Securities, a technology-focused investment bank and capital markets firm based in Portland, Ore.

Lazard’s M&A Team Toasts Double U.S. Win

Lazard is celebrating two big victories after serving as an adviser on two big deals announced Tuesday morning.

Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion

Results Include Litigation Expense of $4.0 Billion

Investment Banking