Updated Tuesday, July 29, 2014 as of 8:58 PM ET
Deutsche's Wealth Management in Growth Mode, Aims to Be Leader in U.S.
The hires fit Deutsche Bank's ambition to rely more on its asset and wealth management unit to maintain returns.
Michele Faissola, head of asset and wealth management for Deutsche, told reporters in London that executives expect the unit to be a "growth engine," Bloomberg reported.   more »
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Deutsche Bank, Germany’s largest lender, is relying on its money-management businesses to bolster growth, said Michele Faissola, the unit’s head. more »
Merrill Lynch lured away two advisors from Barclays Capital, where they managed a combined $285 million in assets. more »
Deutsche Asset & Wealth Management, in partnership with CAIA, will now require its employees in its retail distribution arm to enroll in CAIA's fundamentals of alternative investment certification program. more »
A former J.P Morgan advisor team that managed $1.5 billion in client assets has left the firm to join Wells Fargo Advisors. more »
The world’s biggest bond dealers, including JPMorgan Chase & Co. and Morgan Stanley, failed to properly report trades to the industry’s price-tracking system more than 11,000 times. JPMorgan’s penalty: About three minutes of its annual profit. more »
Eric Clarke has spent more than 20 years working at his family's firms. He wouldn't have it any other way. more »
A 25-year-old divorce workshop founded and run by two planners in San Diego has received funding from a former attendee to enhance its website, with an eye to going national. more »
JPMorgan Chase & Co. reached a $13 billion deal with the U.S. Justice Department that ends probes into the bank’s sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government. more »
Stifel Financial, the brokerage that bought boutique investment bank KBW Inc., said it’s closing its Canadian operations. more »
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