wealth management

Morgan Stanley To Acquire E-Trade For $13B
Morgan Stanley To Acquire E-Trade For $13B
February 20, 2020  |  Acquiring

In a consolidation move for the brokerage space, investment bank Morgan Stanley has announced it will acquire electronic trading platform E-Trade for $13 billion, according...

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Goldman Sachs’ Singapore CEO Tapped By Julius Baer
Goldman Sachs’ Singapore CEO Tapped By Julius Baer
November 08, 2019  |  Personnel

Swiss bank Julius Baer appointed Goldman Sachs’ former Singapore CEO Jason Moo as private banking head for Southeast Asia and branch manager for Singapore, Julius...

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Chinese P2P Lender Lufax Exits Business
Chinese P2P Lender Lufax Exits Business
July 19, 2019  |  Loans

One of China’s largest online wealth management platforms is leaving its peer-to-peer lending (P2P) business behind. Three sources have told Reuters that Lufax, which is...

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Plaid Loops Developers Into Customer Investment Data
Plaid Loops Developers Into Customer Investment Data
June 20, 2019  |  Data

Plaid, a FinTech that enables third-party applications to integrate into users’ bank accounts, is rolling out a new solution for the wealth investment management market....

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Goldman’s Digital Roadmap, As Marcus Lands $46B In Deposits
Goldman’s Digital Roadmap, As Marcus Lands $46B In Deposits
April 16, 2019  |  Digital Banking

Trading slump, yes. Goldman Sachs is still, of course, tied to the vagaries of investors’ back-and-forth on Wall Street, as evidenced by its latest earnings report....

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Bank Of America Rebrands, Loses Merrill Lynch Name
Bank Of America Rebrands, Loses Merrill Lynch Name
February 25, 2019  |  Banking

Bank of America will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. The banking giant, which bought the...

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TD Bank Customizes Financial Services For Healthcare Industry
TD Bank Customizes Financial Services For Healthcare Industry
December 04, 2018  |  B2B Payments

TD Bank is introducing new services in Canada designed to address the unique financial services needs of the healthcare sector. Announced in a press release...

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FinTech Acorns Seeks $100M At $700M Valuation
FinTech Acorns Seeks $100M At $700M Valuation
November 16, 2018  |  Investments

Through a reported funding round, digital wealth management startup Acorns Grow Inc. is said to be seeking over $100 million in funding. Such a round...

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Goldman Reassigns Online Bank Marcus To Wealth Unit
Goldman Reassigns Online Bank Marcus To Wealth Unit
October 23, 2018  |  Banking

Goldman Sachs is moving its Marcus business line into its wealth-management unit. According to an internal memo seen by Bloomberg, the firm’s $1.5 trillion investment-management...

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