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The New York-based investment bank reported higher revenues across all business lines, with double-digit increases in wealth management and investment banking. [ABSTRACT FROM AUTHOR]

The Citi CEO has been focused on revamping the $2.4 trillion-asset megabank and is making progress on streamlining management layers and making investments in risk management. [ABSTRACT FROM AUTHOR]

As a managing director within Citi Investment Management, a division that sits within wealth, White is playing an integral part in reshaping that line of business. [ABSTRACT FROM AUTHOR]

The Ohio-based regional bank continued to drive loan and deposit growth in the second quarter. But lending activity is expected to ease while funding costs remain high, tempering net interest income expectations for the full year. [ABSTRACT FROM AUTHOR]

As CEO, she leads the efforts of seven specialist investment firms. Together, these companies offer investment solutions across every major asset class. [ABSTRACT FROM AUTHOR]

Knox has run the private bank since 2018. It is one of two units in Bank of America's private wealth and investment management division, along with Merrill Wealth Management. [ABSTRACT FROM AUTHOR]

While it's still relatively early to tell how much — if at all — the muni market will be impacted, Kara South, portfolio manager at GW&K Investment Management, said downgrades of certain municipal bonds are likely to follow. [ABSTRACT FROM AUTHOR]

The Ohio-based regional bank continued to drive loan and deposit growth in the second quarter. But lending activity is expected to ease while funding costs remain high, tempering net interest income expectations for the full year. [ABSTRACT FROM AUTHOR]

Byline: John Reosti Ted Peters likes to build things. The recently retired leader of Bryn Mawr Bank in Pennsylvania has a long history of starting banks, beginning with National Bank [...]

Yie-Hsin Hung, one of the few female CEOs in the asset management industry, has made it a priority to address issues of global warming and social inequality at New York Life Investment Management. [ABSTRACT FROM AUTHOR]

Jenny Johnson's career at Franklin Templeton has spanned over 30 years. During that time, she has held leadership roles in multiple divisions of the global investment firm, including investment management, technology, distribution and operations. [ABSTRACT FROM AUTHOR]

The custody bank recorded a 59% drop in net income as a result of the goodwill impairment charge. New CEO Robin Vince sought to assure analysts that the one-time item does not reflect either a change in strategy or the well-being of the company's investment management business, which took the hit. [ABSTRACT FROM AUTHOR]

Yie-Hsin Hung, one of the few female CEOs in the asset management industry, has made it a priority to address issues of global warming and social inequality at New York Life Investment Management. [ABSTRACT FROM AUTHOR]

Jenny Johnson's career at Franklin Templeton has spanned over 30 years. During that time, she has held leadership roles in multiple divisions of the global investment firm, including investment management, technology, distribution and operations. [ABSTRACT FROM AUTHOR]

The article reports on the state of the scratch and dent loan market during 2007. The author focuses on the viability of the mortgage loans in the wake of rising foreclosure rates in the U.S. It is suggested that, in order to turn a profit from an unsuccessful real estate investment, buyers discount assets. Arbitrage opportunities within the industry are discussed.

The article reports on the decision of PNC Financial Services Group to sell some of its investment management assets to Federated Investors to refocus on providing outsourced investment services.

The article reports on a timeline presented by the U.S. banking company Wells Fargo for its response to the asset cap imposed by the Federal Reserve in February 2018. According to interim chief executive officer (CEO) C. Allen Parker, the bank will not respond to the compliance work with appropriate urgency. The company announced plans to reduce its workforce by 2021. The company's wealth and investment management unit posted a decline in its net income in the first quarter of 2019.

The article reports on an increase in earnings of the U.S. banking company First Republic in the first quarter of 2019. The bank posted higher net interest income and total assets during the period. The company announced strong growth in fees from investment management, trust and foreign exchange activities, as well as an increase in stock prices.

The article reports on the decision of Citizens Financial Group in Providence, Rhode Island, to acquire Clarfeld Financial Advisors, a wealth management firm in Tarrytown, New York. According to Citizens, the deal will allow it to offer a full suite of family office, investment, financial planning and tax and estate planning services. Clarfeld will become a division of Citizens Bank Wealth Management when the acquisition concludes.

The article reports the financial performance of struggling bank Wells Fargo in the second quarter of 2018, particularly the decline in net income of its wealth and investment management division. Also cited are the bank's past misconduct in its wealth management business, the reputational damage incurred by the company due to previous scandals, and the comment by chief financial officer John Shrewsberry on their operation.

The article reports on asset manager BlackRock's investment in the microinvesting mobile application, Acorns. Topics discussed include financial services' shift toward digital technology, the industry's trend toward creating products that appeal to millennial customers, investment apps launched by retail banks including Wells Fargo and JPMorgan Chase, and Vanguard and Fidelity's offering of direct-to-retail products.

The article reports on the move by Bank of America to make some upgrades to its self-directed investment platform called Merrill Edge Guided Investing. The bank has added automated research to the platform and expanded the network of human financial advisers who support its clients. It will also add 600 investment centers in new markets.

The article discusses the launch of a robo-advising service by U.S. Internet retailer Overstock.com. The service charges customers for automated stock portfolios composed of company stocks. The need of the wealth management industry to use technology to market to potential and existing clients is explained. Overstock.com is recognized for capturing the market of middle- and upper-middle-income females.

The article features Rebecca Patterson, chief investment officer of Bessemer Trust. Patterson manages an 87-person team that guides the investment strategies for 60 billion U.S. dollars in client portfolios. She makes a point of mentoring other women in finance and promoting greater diversity in the senior ranks.

The article features Yie-Hsin Hung, chief executive officer of New York Life Investment Management. Under her leadership, New York Life Investment Management accounts for roughly two-thirds of parent company New York Life's assets under management. To grow the business, Hung pursued acquisitions of boutique asset managers in the U.S. and abroad and expanding the products it offers.

The article reports on the move by First Republic Bank to offer student loan refinancing at very favorable rates. The lender provides loans to millennial professionals to help them buy stock in the companies at which they work. It also assigned millennial-aged relationship managers to their millennial clients.

The article reports that the banking company First Republic Bank has posted increased earnings in the second quarter of 2017 compared with a year ago. Topics discussed include the main reasons for the bank's higher earnings, First Republic's investment management fees accounting for the biggest percentage of the bank's noninterest income and the worth of the assets managed by the bank as of the second quarter of 2017.

The article reports on the increase in profit earnings of Chicago custody bank Northern Trust driven by strong trust and investment management client base. Topics include reference to rise in net income, expected earning per share value as per Wall Street analysts' consensus estimates as well as increase in noninterest income. Also mentioned are decline in foreign exchange trading, money market fee waivers curtailments and higher Federal Deposit Insurance Corp. deposit-protection costs.

The article discusses the author's claim that the Comerica Inc. financial services firm's potential sale and dealings with activist investors has been good for America's banking industry, and it mentions how the Hudson Executive Capital LP investment company run by executives Doug Braunstein and Doug Woolery decided to scale back its investment in Comerica Inc. Doubts about Comerica Inc.'s ability to find an interested buyer are examined, along with cost-cutting measures at the firm.

The article focuses on the plan by bank investors in case of big banks break up. Topics mentioned include the taxpayer-financed bailout, the investments management, and the volatility in banking industry. Also mentioned are the repayment management, the insights of Adam Cohen, founder and manager of portfolio company Covenant Review, on corporate bond, and the sale of assets.

The article reports on the 9 percent loan growth by Umpqua Holdings, Portland, Oregon-based financial holding company in the first quarter of 2016. Topics mentioned include the increase of the net interest income by the company, its mortgage servicing rights asset, and the decline of its merger-related expenses. Also mentioned are the expansion of the consumer portfolio and the commercial construction loans by the company.

The article reports on the plan by EverBank Financial, Jacksonville, Florida-based financial services company, to raise $90 million by public offering of subordinated debt. Topics mentioned include the interest rates, the capital management, and the business earnings. Also mentioned are the insights of analyst Matthew Forgotson at investment banking company Sandler O'Neill, on the corporate revenue of EverBank Financial, and the importance of financial management.

The article reports on the 20 percent decline in the profit of bank holding company Cullen/Frost Bankers in San Antonio, Texas, for the fourth-quarter of 2015 as compared to previous year due to energy sector downturn. Topics discussed include rise in the net interest income and loans, rise in fee income, higher fees from insurance commissions and debit card transactions, and decline in investment management fees.

The article discusses Huntington Bancshares Inc. and the management of its proprietary investment funds. The bank's total assets under management in those funds total $3.5 billion, a total considered small by industry standards. Most banks consider $5 billion to be the minimum amount of assets needed to make proprietary funds a profitable operation.

The article offers news briefs from the field of wealth management. "Money" magazine released its recommended list of mutual and exchange-traded funds. "The Wall Street Journal" reports that "long-short" mutual funds have stopped under-performing. Kiplinger.com has published an article that provides investment advice on the right time to sell stocks.

The article reports that in August 2007, Countrywide Financial Corp. is keeping with its strategy of making small, selective acquisitions of mortgage operations, has a deal to buy up to five HomeBanc Corp.'s 22 retail branches for book value. HomeBanc stopped funding loans in August and says that it plans to close its remaining 17 branches. The company reports that it is quitting the mortgage origination business because it cannot borrow on its credit lines.

The article discusses mortgages offered by Bank of America Corp. According to the author, the company is shifting from selling loans in the secondary market to holding them in portfolio. This has allowed them to offer no-fee mortgages. According to company president Floyd Robinson, a large part of the product's savings is due to the elimination of private mortgage insurance.

The article focuses on the acquisition and management of Putnam Investments of Boston, Massachusetts, by Power Financial Corporation. Putnam has experienced negative growth since 2001, and the trend is expected to continue through 2008. Power Financial executive Robert Gratton comments on the strategy for repairing Putnam's outflow leak.

Reports that Pacific Investment Management Co., the giant bond fund manager, has emerged as a vocal opponent of the idea of lowering the servicing fee minimum set by Fannie Mae and Freddie Mac. Statement from W. Scott Simon, a managing director at Pimco and its head of mortgage- and asset-backed securities, that such a drop would harm the markets for the two government-sponsored enterprises' mortgage bonds; Efforts by Countrywide Financial Corp. and Washington Mutual Inc. to get Fannie and Freddie to let servicers keep less than 25 basis points a year of a loan's balance.

Reports on the announcement by State Street Corp. to sell its corporate trust business to U.S. Bancorp. Negligence of the corporate trust deal proceedings by chief executive officer of the company David Spina; Significance of the corporate trust business to the company; Plans of the company to expand its investment management business; Strategy of the company to strengthen its alternative investment services.

The article focuses on the Cincinnati Business Courier report, which states that the Firth Third Asset Management has been renamed as ClearArc. Topics include relocation of the unit's office, the Business Journal report, which states that changes would provide institutional clients with clear and transparent investment management services and the company narrowing its offerings to focus on institutional investors and very wealthy clients.

The article focuses on JPMorgan Chase company from the perspective that, in spite of the multibilion-dollar trading loss in its chief investment office (CIO), it is not too complex to manage. Chief executive officer Jamie Dimon's conference call comments to analysts about the company's strengths are noted. The risk management failure and change in leadership in the CIO are mentioned.

The article considers a trend in which trusts are increasingly investing in hedge funds and other alternative investments as financiers who already have such investments in their own portfolios are named as trust beneficiaries.

The article discusses Nottingham Investment Administration, a financial services industry firm in North Carolina which specializes in the administration of financial assets held by hedge funds and mutual funds.

The article examines the use of so-called separately managed accounts (SMA) is wealth management, which are third-party managed individual accounts for rich people's investments. SMAs have become less widely used as investment advisers have preferred to have individual investment portfolios focus on mutual funds.

The article focuses on the mutual fund Thornburg International Value Fund offered by the financial services industry firm Thornburg Investment management. The fund specializes in foreign investments. Its high rate of return compared to similar funds in 2010 is considered. The fund's portfolio management is discussed.

The article reports on a problem known as revenue leakage which occurs during the handling of of managed accounts in which brokerages and banks sell customized investment services to wealthy individuals. Research on managed accounts which was conducted by TowerGroup Inc. and Bonaire Software Solutions LLC is discussed.

The article reports on on differences of opinion on retirement plan priorities and risks which have been seen between retirees and financial advisers and have been reported by Limra International Inc. and its associate director of retirement research, Jafor Iqbal. A discussion of facts about the retirement ideas of retirees and financial planners which were revealed in research which was conducted by Limra International is presented.

The article focuses on the financial product known as variable annuities. Bruce Ferris, a sales executive for the annuities division of Prudential Financial Inc., states that variable annuities are attracting more interest from clients of bank wealth management services because they offer a higher yield than fixed income investments.