Managers of Wealth Americas

Barclays Shutters Power Trading Desks in NY, London

New regulations and earnings losses is forcing major changes inside the investment banking giant.

Former Under Secretary of the United States Treasury for Domestic Finance Nominated to Join BNY Mellon Board of Directors

If elected, Goldstein, together with the other 12 nominees, would serve a term of one year until the 2015 Annual Meeting. BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell is the only management director.

JPMorgan Chase Prevents Split Of Chairman, CEO Role

JPMorgan Chase & Co. prevented a potential split of the role of the chairman and CEO of the bank after entering an agreement with its shareholders

Deutsche Bank to cut US unit's assets by quarter to meet Fed rules

The German bank will implement the changes mainly by reassigning some operations that are located outside the U.S. to other parts of the business.

BNY Mellon to Acquire Full Ownership of HedgeMark International

Integrates with and complements the company's Global Risk Solutions capabilities; Meets demand for more transparency and control from institutions investing in hedge funds

Opus Bank Announces Expansion of Its Merchant Bank

Opus Bank announced today the further expansion of its Merchant Bank, through the formation of its new Corporate Finance Division and its new Private Equity Group.

US investment group sells half its stake in Crest Nicholson

Varde the US investment group that at one stage was the controlling shareholder in Crest Nicholson, yesterday announced it had sold half its stake in the housebuilder which floated at the beginning of last year.

Ryan Crane, JPMorgan Equities Trading Executive, Dies at 37

Ryan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, has died.

Survey Says Investment Banking Clients Want

Since the credit crunch, investment banks have been berated by politicians, regulators and the media.

Lehman settles with Freddie Mac over $1.2 billion claim

Lehman Brothers Holdings Inc settled with Freddie Mac a $1.2 billion claim, freeing up millions of dollars which will be available for distribution to the bank's creditors.

Insight: Wall Street’s most eligible banker Fleming waits for suitor

Wall Street power brokers are betting that Greg Fleming will be chief executive of a major U.S. company one day, but no one is quite sure of which one or when.

Goldman Sachs Siphon $77m from Credit Crisis Bonuses

Senior bankers at Goldman Sachs siphoned $77m in bonuses after they exercised options that were awarded to them during the height of the financial crisis.

JPMorgan Said to Offer Bad Debt as BlackRock Plans HSBC Sale

JPMorgan Chase & Co. is offering $390 million of non-performing loans as banks including HSBC Holdings Plc and Regions Financial Corp. increasingly look to sell troubled mortgage debt.

Detroit Cancels Swaps Forbearance Deal With BofA, UBS

Detroit won’t take legal action for now against Bank of America Corp. and UBS AG over a costly swaps deal, even after canceling a forbearance agreement it reached with the banks in July.

New York Merger Bankers Lead Ranks Earning More Than $1 Million

Senior investment bankers in the U.S. earn more than their peers in Europe and Asia, making $1,025,000 a year on average

Lazard’s Profit Rises 35%, Aided by Asset Management

Lazard said on Wednesday that its profits rose 35 percent in the fourth quarter

Oppenheimer Wins 2013 M&A Advisor Award

In winning this prestigious award, Oppenheimer was recognized for its work in helping Ahern to successfully navigate the Chapter 11 process to refinance its existing indebtedness and negate a competing plan of reorganization from its junior creditors, p

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