Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Jamie Dimon Says Succession at JPMorgan Is 'Well on the Way'
By Hannah LevittThe JPMorgan CEO told shareholders the timetable is "not five years anymore," in response to a question about his tenure.
May 19, 2024
Wall Street Is Worried Over T+1's Quicker Settlement TimeA spike in failed trades, operational glitches and extra costs are among industry fears as the trading process accelerates on May 28.
May 17, 2024
El-Erian Says Fed's High Rates Are at Odds With Market"As they are doing the U-turn and stay higher for longer, the market is going the other way," the economist said.
May 16, 2024
Most Americans Lack Confidence in Managing Inheritance Alone: SurveySixty-one percent of respondents said they would use a financial advisor if they received a large sum.
May 16, 2024
UBS Considering U.S. CEO Role in Strategic RevampThe firm is the largest wealth manager in the world outside the U.S., where it's struggled to expand.
May 16, 2024
Next Vanguard CEO Sees Millions of Potential New Clients in U.S.Salim Ramji told the Financial Times he sees opportunities to scale but expressed commitment to John Bogle's mission.
May 16, 2024
Dow Trades Near Historic 40,000 MarkThe oldest of the three main stock indexes is rising on prospects of a resilient economy, ebbing inflation and robust earnings.
May 16, 2024
Buffett's Berkshire Reveals $6.7B Stake in Insurer ChubbThe conglomerate has been building the stake since 2023, and the SEC allowed Berkshire keep it confidential.