Displaying 28 results
Citi merges wealth businesses
The bank is combining its consumer wealth management and private banking units into a single entity, encompassing operations handling money for clients with $200,000 to tens of millions, or much more. The new business will be led by Jim O'Donnell.
PNC Bank accused of hiding evidence of wealth manager’s assault
The bank produced video of a man following an adviser to her car. Key footage is allegedly absent
Barclays hit with departures of international advisers
Brokers with international clients have been moving to competitors in recent months as Barclays curtails its international business.
Account opening is No. 1 tech concern: Survey
Beacon finds 'client onboarding' has replaced social-media archiving as brokers' biggest technology challenge.
Is it time to rethink the price-earnings ratio?
Investment strategist James Paulsen of Wells Capital Management asks whether it is time for investors to shift their historic perceptions of the potential long-term performance of stocks in light of the past 25 years of performance.
Longest-serving Goldman employee dies at 98
From office worker in 1933, Alfred Feld spent 80 years at the Wall Street firm, became wealth manager.
Broadridge offers automated cost-basis application
A new partnership between Broadridge Financial Solutions and Scivantage will provide Broadridge clients with access to Scivantage Maxit, an automated cost-basis application.
New No.1 at top of wealth management ranks
UBS vaults past BofA in global AUM; Wells Fargo third on the list
UBS Wealth Management inflows top estimates, shares climb
UBS Wealth Management attracted more funds from wealthy clients in the first quarter than analysts estimated
Goldman critic is ‘toast’ on Wall Street: Cohan
Author and former Investment banker says Greg Smith's scathing op-ed won't make him any friends down on Wall and Broad
INsider: What Oppenheimer boss’ e-mail said about the Goldman Op-Ed
Lowenthal tells workers that the controversial piece may trigger questions from clients
Goldman exec: Firm only interested in one thing — and it’s not helping clients
Smith claims bank's only concern is making money off customers; 'makes me ill'
Ron Carson: I got the Muppet treatment from Goldman
Well-known wealth manager Ron Carson claims he recently got a first-hand look at how Wall Street treats clients. He wasn't impressed.
Protecting families from their wealth
When Tom Rogerson talks to wealthy families about how to preserve their wealth and make it work for them, he knows from difficult experience of what he speaks
Wealth managers demanding — and getting — huge salaries in Asia
Competition fierce as number of millionaires in Asia set to double by 2015; plenty of offers on the table
Morgan Stanley private bank targeting MSSB clients: Source
In a bid to generate interest income off its brokerage clients, Morgan Stanley may hire up to 500 private bankers, a source says. Jumbo mortgage, anyone?
Wilmington Trust suffers wider-than-expected 2Q loss
Wilmington Trust Corp. reported a wider-than-expected second-quarter loss of $116 million, or $1.33 a share, thanks largely to souring construction loans that continue to plague the regional bank.
Citi nets another U.S. Trust private banking exec
Citi Private Bank announced today that it's hired yet another executive from U.S. Trust, the wealth management arm of Bank of America Corp.
U.S. judge declares Swiss banker, lawyer fugitives
A federal judge in Florida has declared a banker and lawyer from Switzerland who were indicted on fraud charges as fugitives from justice.
Moynihan shuffles the deck at Bank of America, but Krawcheck stays put
Bank of America Corp. is shuffling its senior management team, moving its chief financial officer over to lead consumer and small business banking and naming a new chief risk officer.
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