Finance

The results underscore the standout performance of the industry's largest firms in equities, a business where Europe’s banks have struggled to keep up in recent years.

BNY Mellon’s custodian is growing, even as it loses some major clients amid industry consolidation.

The top 20 carried an average expense ratio of more than three times the broader industry.

Eaton Vance and E-Trade deals expected to boost the firm’s performance.

Client acquisition was down compared to 2019, but still higher than in years past.

The pending nominations send a clear signal that the rule-cutting and lax enforcement the industry has grown accustomed to under President Trump are over.

For investors, Biden represents an attitude shift from the era of Trump, who famously made the Dow a barometer of his success.

CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.

Pressure is mounting for firms to respond to last week’s violence at the Capitol.

Founder Nancy Davis says her recently converted long-only product reflects the direction of travel for the broader asset management industry.