Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
S&P 500 Hits All-Time High in Historic Bull Run
By Rita NazarethMarkets are overpricing the pace and amount of Fed-rate cuts while overlooking stubbornly high inflation, warns economist Mohamed El-Erian.
January 17, 2024
Schwab Slides as CEO Flags Its Most Challenging Time Since 2000"No one at Schwab is kidding themselves that everything is perfect right now," said CEO Walt Bettinger.
January 16, 2024
Goldman Sachs' Wealth, Stock Trading Groups Drive Jump in ProfitsIn the fourth quarter, the bank posted a $349 million gain from the sale of the former United Capital business.
January 16, 2024
Ken Fisher Can't Have It AllFisher famously hates annuities, but there are times when they are clearly in clients' best interest.
January 16, 2024
Morgan Stanley Warns of Wealth Unit's Lower MarginsThe wealth business, though, should drive the bank's growth as its pretax margins rise over time, says CEO Ted Pick.
January 16, 2024
Bob Doll Named Crossmark CEODoll, a longtime market forecaster and strategist, will also keep his chief investment officer role.
January 12, 2024
Citi to Cut 20,000 JobsIn all, Citigroup's firmwide headcount is set to decline by 60,000 jobs to 180,000 by the end of 2026.
January 12, 2024
Morgan Stanley to Pay $249M to End Block Trade ProbesAs part of the agreement, Morgan Stanley will pay about $113 million to the SEC, the regulator said Friday.