Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
JPMorgan Reaches Agreement to Settle With Epstein Victim
By Hannah Levitt & Ava Benny-MorrisonThe biggest U.S. bank didn't say how much it agreed to pay or any other terms of the arrangement.
June 05, 2023
Glitch at JPMorgan Chase Caused Double Online Transactions"My account is at negative," one Twitter user posted about the bank's issues, which have since been resolved.
June 05, 2023
SEC Sues Binance and CEO for Breaking Securities Rules"Through 13 charges, we allege that Zhao and Binance entities engaged in an extensive web of deception ... and calculated evasion of the law," said SEC Chair Gary Gensler.
June 01, 2023
JPMorgan to Close 21 First Republic BranchesThe bank took over 84 First Republic branches when it bought San Francisco-based First Republic a month ago.
May 31, 2023
8 Trends Shaping the Future of Portfolio ManagementHere's what's next for RIAs, BDs, wirehouses and their tech partners, according to Aite-Novarica.
May 31, 2023
Franklin Templeton to Buy PutnamFranklin, which managed $1.4 trillion in April, has been on a deal spree — buying two alternative-asset managers over the past two years.
May 30, 2023
Goldman Planning Another Round of Job CutsThe move comes a few months after the bank had one of its biggest rounds of job cuts ever: 3,200 positions were trimmed in January.
May 30, 2023
JPMorgan Builds Unit for the Super RichThe unit, called 23 Wall, doesn't have a minimum wealth threshold, but it clearly caters to the richest 0.01%.