Jamie Dimon, CEO of JPMorgan Chase & Co., says the Wall Street giant will probably hire fewer traditional bankers and more AI professionals as the
Category: Fund Management
StanChart will replace “lower-value human capital” with AI and eliminate more than 7,000 jobs.
In an effort to replace “lower-value human capital” with technology, Standard Chartered will eliminate almost 7,000 positions over the course of the next four years.
U.S. Vanguard aims to double its European assets to $1 trillion in five years.
Vanguard’s CEO of Europe said the company will broaden its product line for regular investors in Europe with the goal of becoming the largest retail
Apollo’s assets under management surpassed $1 trillion, driving its fee earnings to a record high.
Apollo Global Management reported on Wednesday that its earnings from fees for the first quarter reached all-time highs as its assets under management exceeded $1
Ares Management logs record $30 billion fundraising, allaying private credit “doomsday” concerns.
One of the largest names in private credit, Ares Management, announced a record first-quarter fundraising of over $30 billion on Friday, indicating that investor interest
Goldman Sachs acquires Innovator Capital with 240 ETFs globally valued at $90 billion.
Goldman Sachs announced on Thursday that it had successfully acquired Innovator Capital Management, an active exchange-traded fund provider, increasing the Wall Street bank’s footprint in
Swiss wealth managers expect the Middle East crisis to boost the inflow of Gulf assets.
Wealthy people are trying to move their assets from the Gulf region to Switzerland due to the intensifying turmoil in the Middle East after the
U.S. Bancorp expands its footprint in the capital markets with a $1 billion purchase of BTIG.
To strengthen its position in the capital markets, U.S. Bancorp announced on Tuesday that it would purchase Wall Street brokerage BTIG for up to $1
Fifth Third acquires Comerica in $10.9 billion all-stock deal to create the 9th largest U.S. bank.
In an all-stock deal, Fifth Third Bancorp is linking up two major regional banks by purchasing Comerica for $10.9 billion. With assets of about $288
Bank of America, a Fed-certified top US lender, approves the repurchase of $40 billion in stock.
The board of Bank of America approved a $40 billion stock repurchase program on Wednesday, according to a new report. The bank stated that the
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