Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
How UBS Bought Credit Suisse for a Song — With Morgan Stanley's Help
By Jan-Henrik Foerster, Aaron Kirchfeld & Katherine GriffithsUBS paid about double what it spent on its failed purchase of Wealthfront and got more than 50 times the client assets.
April 03, 2023
Is Sieg's Departure 'Beginning of the End' for Merrill's Thundering Herd?There's a risk the Merrill brand could be phased out over the next few years, says industry consultant Jeff Nash.
April 03, 2023
The Tech Stock Rally Is Overdone: Morgan StanleyThe Nasdaq 100 has recently soared over 20% as investors flee economically sensitive sectors like banks.
April 02, 2023
UBS to Cut Staff Up to 30%; Prosecutors Look at Credit Suisse DealFirms such as Citigroup and JPMorgan Chase are gearing up to recruit some of the wealth managers likely to be let go.
March 31, 2023
Schwab Eyes Worst Month Since 1987Its banking unit is dealing with some of the same issues that plagued the now-defunct Silicon Valley Bank.
March 30, 2023
Top 10 Third-Party Asset Managers of 2023: BroadridgeMany of these asset managers have improved their rankings despite troubled markets, a Broadridge report finds.
March 30, 2023
Average Wall Street Bonus Plunges 26%This meant the typical bonus paid to employees in New York's securities industry fell to $176,700, the lowest since 2019.
March 30, 2023
Schwab Shares Fall After Downgrade by Morgan StanleyIts shares are down about 33% in March, and its downgrade reflects the heightened risk analysts now see in financial firms.