All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Citigroup targets more than $700bn in prime brokerage balances by 2028
Citigroup said the business was one of its investment priorities, with spending aimed at expanding coverage, capacity and analytics.
UOB targets doubling wealth income by 2030
The near-term priorities are to lift assets under management and raise the share of invested assets under management.
UBS chief eyes US growth amid capital debate
“I’m focused on one option, making UBS strong out of Switzerland,” Ermotti said, adding that the bank has a fiduciary duty to be ready for any scenario.
Morgan Stanley names France investment banking co-heads
The bank appointed Alexandre Bartolin and Frederic Proust as co-heads of investment banking in France.
Anthropic targets financial services with new AI agents
The company is launching ten agents designed to automate routine financial tasks, including preparing pitchbooks.
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Deutsche Bank denies training former trader in market manipulation
James Vorley says he was directed by more senior employees to trade in a way that later left him exposed to criminal action in the US.
Goldman Sachs adds members to management committee
Stephan Feldgoise and Joshua Schiffrin will join the management committee, while Ericka Leslie has been named chief administrative officer.
Iron North Private Wealth introduces new advisory business
The business will offer services including financial and retirement planning, investment management, tax planning and business exit planning.
Blackstone and Goldman back Anthropic’s $1.5bn AI joint venture
The move is aimed at introducing its AI tools across a wide range of portfolio companies.
OCBC to acquire HSBC Indonesia retail and wealth units
OCBC Indonesia expects its assets under management to rise by 25%, while credit card balances are projected to increase by more than 150%.