Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Morgan Stanley Pays Gorman $37M for Final Year as CEO
By Daniel TaubThree-fourths of Gorman's bonus will be paid in deferred stock over three years. He also received a cash bonus of just under $9 million.
January 19, 2024
S&P 500 Hits All-Time High in Historic Bull RunMarkets are overpricing the pace and amount of Fed-rate cuts while overlooking stubbornly high inflation, warns economist Mohamed El-Erian.
January 19, 2024
JPMorgan Lifts CEO Jamie Dimon's Pay to $36M for 2023The bank had a record profit of $49.6 billion last year, boosted by interest rate hikes and its purchase of First Republic Bank.
January 17, 2024
JPMorgan to Hire This Year on Wealth, Dealmaking RevivalUnlike some rivals, "the number of people we employ has been growing and not shrinking," said President Daniel Pinto.
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.