Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Credit Suisse Said to Begin Sale of U.S. Asset Management Arm
By Matthew Monks and Jan-Henrik FörsterIt shares have fallen more than 48% this year, giving it a market value of about $12 billion.
October 17, 2022
Goldman to Shake Up Wealth, Other Units in Latest OverhaulThe Wall Street giant plans to once again combine its asset management and private wealth businesses, say people familiar with the matter.
October 14, 2022
Fed Exec Reveals Trading Violations; Powell Opens ProbeRaphael Bostic's revelations start a new phase of an embarrassing and damaging Federal Reserve ethics scandal that erupted last year.
October 14, 2022
Wells Fargo Earnings Marred by $2B Reg Charge"We remain at risk of setbacks as we work to complete the work and put these issues behind us," CEO Charlie Scharf said.
October 13, 2022
Barry Ritholtz Warns: Don't Mix Investing and Identity PoliticsThe new God Bless America ETF (YALL) plays on investors' emotions, Ritholtz writes.
October 13, 2022
Schwab Pilots New Broadridge Proxy Polling Solution: Tech RoundupAlso, Lori Hardwick was appointed chair of Docupace's board of directors.
October 11, 2022
Cathie Wood's Open Letter to Fed Draws SnarkWood posted the letter as her ARK Innovation ETF tumbled further. But she's not the only prominent investor taking issue with Fed policy.
October 11, 2022
Vanguard Shakes Up International Explorer FundVanguard determined changes to the fund's advisory structure would best serve shareholders.