Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Wall Street's Big Banks Score $1T of Profit in a Decade
By Max Abelson and Hannah LevittWhile much attention focused on Silicon Valley's riches, banks like JPMorgan, BofA, Wells Fargo and others were gaining momentum.
December 22, 2022
Vanguard to Launch New Bond ETFThe Vanguard Short-Term Tax-Exempt Bond ETF is set to have an estimated expense ratio of 0.07%, the fund giant says.
December 21, 2022
On Stage: The LUMINARIES 2022 Awards CeremonyWe spotlight this year's winners, who came dressed to impress at the recent industry recognition event in New York's Lotte Palace Hotel.
December 19, 2022
15 Financial Firms That Are Laying Off WorkersThe trend of surging headcounts in the industry appears to be reversing for now.
December 19, 2022
Vanguard Drops Advisor of Mid-Cap Growth FundRS Investments has managed about 20% of the $3.1 billion fund.
December 19, 2022
New Stock Market Low Coming in 2023: Morgan Stanley Strategist"Don't assume the market is pricing this kind of outcome until it actually happens," says Michael Wilson.
December 16, 2022
Goldman Sachs May Cut Up to 4,000 JobsThe firm's headcount has surged in recent years as CEO David Solomon completed acquisitions to build a more diversified company.
December 15, 2022
Stocks Push Lower as Investors Digest Rate MovesThe S&P 500 dropped as much as 2.9% and the Nasdaq 100 fell as much as 3.7% Thursday afternoon.