Category wall street

What’s on Nouriel’s Mind: The Deteriorating Economic Outlook

The underlying picture of economic weakness that has not only worsened but has spread to the core economies raises the question of how Europe can possibly grow its way out of the debt crisis.. roubini.com

The $1.6 Billion Woman, Staying on Message

Facebook’s No. 2 executive, Sheryl Sandberg, will reap a fortune in its stock offering. And she hasn’t stopped telling the world how women should take responsibility for their careers… Source: http://www.nytimes.com

The Jewish Billionaires of Forbes

Twenty-five years ago, Forbes began to pursue the world’s billionaires. The magazine’s annual list netted a record 1,226 billionaires this year, worth a total of $4.6 trillion. Because Bubbe has been ragging you to marry up, Jspace has profiled the 17 Jews of Forbes’ list worth more than $10 billion. Source: http://www.forbes.com Larry Ellison: Net […]

Bank Of America Still World’s Biggest Wealth Manager

According to a report out today ranking the world’s 20 biggest wealth managers. BofA took the top spot with $1.944 trillion in assets in private banking followed by Morgan Stanley with $1.628 trillion and UBS AG with $1.559 trillion. The increase in AUM for the private banking industry was helped primarily by market gains which […]

Top wealth managers

The Giants, Fastest Growing And Emerging Talent. Fee-only and hybrid financial advisors are growing bigger and faster at the expense of their wirehouse counterparts.

The Best-Capitalized Bank Of Them All?

Surprised? Many are. Not long ago BofA had the worst capital levels among its big bank peers but today the bank reported a Basel III Tier 1 capital ratio of 8.97%–beating JPMorgan Chase, Wells Fargo and Citigroup. FULL STORY

What’s Next for the Son of Asia’s Richest Man?

Richard Li, the son of Asia’s richest man, Li Ka-shing, is known for straying from the family business and venturing into sectors on his own. The WSJ’s Deborah Kan speaks to Dow Jones’ Jeffery Ng about what the younger Mr. Li could be up to next. Source: http://live.wsj.com

Many Regulators Put Their Attention on How JPMorgan Marketed Its Funds

Authorities are responding to current and former JPMorgan financial advisers who said they had felt pressure to sell the bank’s products even when cheaper or better performing options were available. Source: http://dealbook.nytimes.com

Count ‘Em: 30 Billionaires Now Backing Romney’s Super PAC

It’s no secret that the super-rich have been more inclined to write checks to right-wing candidates so far this election cycle. What is a bit of a surprise is just how many members of the Forbes 400 have donated to one group in the last few months. Source: http://www.forbes.com

Rockefellers and Rothschilds unite

Article located at: http://www.ft.com By Daniel Schäfer in London Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust.. Read more at Financial Times