Asset managers

Yellen balks at calling asset managers systemically risky

03/24/21

Treasury Secretary Janet Yellen said she prefers to have the Financial Stability Oversight Council flag hazardous activities by nonbanks rather than subject specific firms to heightened supervision.

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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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Janney Montgomery Scott to buy FIG Partners

03/19/19

The deal will give Janney greater access to the community banking sector.

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TD to buy Greystone, adding $27 billion at asset-management unit

07/11/18

Toronto-Dominion Bank agreed to acquire Greystone Capital Management in a push to become the largest Canadian money manager.

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Why this asset management firm is seeking deposit insurance

04/24/18

AssetMark Trust plans to offer a product for the $1 billion in cash it holds for clients.

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Boston Private to sell wealth advisory unit to management

12/21/17

Wealth management firm Boston Private has agreed to sell Anchor Capital Advisors to Anchor’s management team.

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Vanguard leapfrogs cautious banks, unveils blockchain network plan

12/12/17

Rather than forming a consortium of peers to investigate blockchain technology, as many banks have done, one of the world's largest asset managers is acting on its own.

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Treasury must seize opportunity to rein in SIFI powers

11/09/17

The authority of the Financial Stability Oversight Council to label a firm a “systemically important financial institution” triggers duplicative regulation even if bank-like rules are not appropriate to the company.

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Asset managers should not be labeled 'shadow banks': Treasury

10/27/17

The term "shadow banking" is a pejorative, implying insufficient regulatory oversight, said Treasury in a report issued Thursday on asset management.

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