Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
October 15, 2024
Schwab Soars on Earnings Beat as Firm Pays Down Costly DebtEarlier this month, the firm named Rick Wurster as its next chief executive officer.
October 14, 2024
B. Riley Sells Majority Stake in Great American to Oaktree FundsThe deal could help the troubled broker-dealer and investment firm, now wrestling with a debt load estimated at about $2 billion.
October 11, 2024
BlackRock Enters New League With $450B in Alternative AssetsThe closing of the firm's $12.5 billion acquisition of GIP means it's closing in on industry leaders like Blackstone, Apollo and KKR.
October 11, 2024
Falling Rates Aren't as Bad as Feared for Wells Fargo, JPMorganThe banks' shares rose after they reported quarterly earnings that included upbeat results in investment banking and capital markets.
October 10, 2024
TD Fined $3.1B, Hit With Asset Cap Over Money LaunderingThe news follow Toronto-Dominion Bank's guilty plea over its failure to prevent money laundering by drug cartels and other criminals.
October 09, 2024
Wall Street Salaries Fall Further From Pandemic HeightsThe 5.2% drop on the prior year was largely due to smaller bonuses, which were $176,500 on average.
October 08, 2024
Fidelity to Unveil Revamped Desktop-Trading PlatformThe new Active Trader Pro will feature faster processing speeds and a refreshed look.
October 08, 2024
Dynasty Adds BlackRock, JPMorgan as Strategic InvestorsSchwab, an existing investor, added more capital.
October 04, 2024
El-Erian Warns Fed After Jobs Data: 'Inflation Is Not Dead'His comments came after Friday's job data blew away estimates, triggering a jump in U.S. stocks and bond yields.
October 04, 2024
Cambria Launches Tax-Aware ETF, With More to ComeThe fund will trade under the ticker TAX and is being offered in partnership with ETF Architect.