Asset management

Is Goldman changing its tune?; The rise of credit unions

12/02/19

The bank is likely to tout asset management at its upcoming investor day; credit union assets have exceeded banks' growth in the past decade.

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Great Western agrees to buy Colorado trust business

06/24/19

Independent Bank in Texas, the seller, gained the business after buying Guaranty Bancorp.

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Regions to buy health care asset management firm

06/07/19

Highland Associates has $26 billion in assets under management on behalf of not-for-profit medical endowments and foundations. Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in health care.

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PNC to sell investment management assets for $52 million

05/07/19

The Pittsburgh bank says it is selling the assets to Federated Investors to focus its PNC Capital Advisors unit on providing outsourced services.

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'I know it’s disappointing,' BNY Mellon chief says of 1Q

04/17/19

Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.

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Stock market volatility takes bite out of BNY Mellon profit

01/16/19

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

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Jessica Seidlitz: A champion for diversity at Charles Schwab

09/28/18

Working closely with her boss, Marie Chandoha, Seidlitz is on a mission to recruit and retain more female asset managers.

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'People are overwhelmed by choice': Schwab's Marie Chandoha

09/28/18

The head of Charles Schwab Investment Management is disrupting the asset-management industry by introducing more straightforward ETFs, mutual funds and other investment products.

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Banks test wearable payment devices; fintechs charge ahead

09/24/18

European banks are testing rings, watches and bracelets that are linked to credit and debit accounts; European regulators appear keener on increasing competition than U.S. counterparts.

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Asset inflows, higher rates push BNY Mellon profit higher

07/19/18

Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report.

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