News Topic: Asset management
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Credit Suisse is said to begin sale of U.S. asset management arm
BlackRock offers bitcoin investing to big institutional clients
State Street falls after staying mum on Credit Suisse bid report
Goldman Sachs buying Dutch money manager for $1.9 billion
U.S. Bank deal would double size of asset management unit
Credit Suisse teams up with JPMorgan for sustainable food fund
JPMorgan agrees to purchase values-investing fintech OpenInvest
Axos Financial to buy E-Trade Advisor Services
Ameriprise to buy BMO unit with $124 billion in client funds
Goldman Sachs seeks volunteers for move to West Palm Beach digs
Goldman Sachs Group’s plan to move part of its asset management unit to Florida is gaining momentum, as the Wall Street bank discreetly seeks volunteers for the first wave and prepares office space. ]] ... Read full article
JPMorgan has ‘sense of urgency’ in search for acquisitions
JPMorgan Chase is stepping up its search for acquisition targets as competition intensifies from financial technology firms and other new rivals. ... Read full article
Wells Fargo sheds its asset manager as Scharf reshapes bank
Wells Fargo plans to sell its asset management business to two private equity firms, part of Chief Executive Charlie Scharf's efforts to dump nonessential operations and help the bank emerge from years of scandals. ... Read full article
BNY Mellon and Mastercard embrace crypto, sending bitcoin to record
The trust bank and the credit card company said they'll make it easier for customers to use cryptocurrencies. The announcements contributed to another jump in the price of the largest digital asset. ... Read full article
Goldman’s Sheila Patel, chairman of $1.8 trillion manager, to retire
Patel is among Goldman Sachs's most senior women and shepherded some of its highest-profile relationships with investors around the world. ... Read full article
Ameriprise, CI eyeing Wells Fargo's asset management arm
Wells Fargo, reeling from years of scandals, is unloading several businesses as it seeks to simplify its structure. The sale of the asset management unit could fetch more than $3 billion, according to industry sources. ... Read full article
State Street to explore options for asset management arm
The Boston-based firm has been informally working with an adviser to review strategic alternatives for State Street Global Advisors, including a merger with a competitor, people familiar with the matter said. ... Read full article
First Merchants to buy Indianapolis trust company
The Indiana company agreed to acquire Hoosier Trust, which manages about $300 million in assets. ... Read full article
Wells Fargo is said to discuss sale of its asset-management arm
Wells Fargo is exploring the sale of its asset-management unit, a business that could fetch more than $3 billion, according to a person briefed on the matter. ... Read full article
PNC Financial expands, diversifies executive leadership team
Less than three weeks after making a $1.05 billion pledge to fight racism, the Pittsburgh company promoted two Black bankers to its top-level management committee. ... Read full article