Did men get more than their fair share of the managing director promotions at Goldman Sachs, and what does Barbie have to do with a Fed trailblazer? Also, JPMorgan Chase's Mary Callahan Erdoes isn't getting on the robo-advisory bandwagon and women talk about "systematic sexism" in the journalism and entertainment fields.
PwC's Dennis Nally on how men can empower women in financial services; Fidelity's Kathy Murphy on drawing female customers to financial planning; Well Fargo's Maureen O'Donnell on welcoming female advisers aboard; and are the regulatory agencies welcoming to women?
Wells Fargo said it does not have any immediate plans to acquire a wealth management business in the U.K., following media reports that it's looking at two companies.
Dave McKay, the president and CEO of Royal Bank of Canada, has spent much of his time as head of the second-largest Canadian bank plotting the acquisition of the coveted $36 billion-asset City National in Los Angeles. Now he has to execute on a strategy of cross-selling products to affluent customers of both banks while expanding geographically.
Although millennials are less trusting of financial advisors than older investors, there are still ways for wealth management firms to court younger clients.
Wells Fargo is ready to recruit more than 200 brokers from Credit Suisse's U.S. private banking unit set to close early next year, with the Swiss bank's blessing.
Nobody thought it would be pretty, but last quarter's results were even worse than expected, and low fee revenue is largely to blame. Trading and mortgage banking were particularly bad, and few of the big banks managed to offset the declines.
Wells Fargo plans to systematically poach Credit Suisse's private brokers in the U.S. and their clients and the Swiss bank is OK with that.
Driven by solid gains in both interest and noninterest income, Northern Trust Corp. in Chicago reported a profit of $234.6 million in the third quarter, up 15% from the same period in 2014. Earnings per share climbed 14%, to 96 cents, in line with the estimates of analysts polled by Bloomberg.
Bank of New York Mellon, the worlds second-largest custody bank, reported a third-quarter profit that beat analysts estimates as the company cut expenses to offset the impact of lower interest rates.
Wealthy women dont necessarily think they do well managing their own money, according to a new study by Regions Financial.
Profits at First Republic Bank fell slightly in the third quarter as increased salary and benefits costs and a decline in noninterest income could not offset strong growth in loans, deposits and wealth management assets.
Results from the largest U.S. bank, and the first major player to report on its latest quarter, showed widespread revenue strains and only added to questions about the industry's growth prospects in the near future.
Barclays Chairman John McFarlane's three-month hunt for a chief executive officer with a new set of skills has led to a familiar form of talent: an American investment banker.
Cullen/Frost Bankers will consolidate about 175 employees at a new office tower in Fort Worth, Texas, for which it will also be the anchor tenant.