Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Average Wall Street Bonus Plunges 26%
By Jenny SuraneThis meant the typical bonus paid to employees in New York's securities industry fell to $176,700, the lowest since 2019.
March 29, 2023
Wall Street Has No Clue How to Price In the Banking UpheavalFor the third month in a row, predictions for the S&P 500's average year-end target remain at 4,050.
March 28, 2023
JPMorgan CEO Jamie Dimon to Be Deposed in Epstein LawsuitsJeffrey Epstein remained a bank client for five years after he pleaded guilty to soliciting a minor for prostitution.
March 28, 2023
Ken Fisher Boosts Wall Street West With $197B Texas MoveWashington is imposing a 7% tax on long-term capital gains that top $250,000, prompting his firm's relocation.
March 28, 2023
Gundlach Says Recession Will Start in a Few MonthsThe overall state of the economy is "clearly weak," the DoubleLine Capital CEO said on CNBC.
March 27, 2023
Why Schwab's $7T Empire Is Showing CracksHigher interest rates are encouraging clients to move cash out of some accounts that bolster Schwab's bottom line.
March 27, 2023
Schwab Wins $7M From Morgan Stanley, Ex-AdvisorsChristopher Armstrong and Randall Kiefner, fired by Morgan Stanley for violating its transition policy, refuse to pay their share. "
March 27, 2023
Here's the Next Risk for Stocks: Morgan Stanley"Given the events of the past few weeks, we think guidance is looking more and more unrealistic ...," strategist Michael Wilson said.