Citigroup sees sharp falls in net income in 2020
Citigroup made a net income of $11,370m in 2020, a 41% drop from the $19,401m in 2019. In terms of…
Fairstone finalises takeover of Hammett and Petch Financial Planning
Consolidator Fairstone has concluded the purchase of Berkshire-based advice firm Hammett and Petch Financial Planning, marking its first deal this year. The deal, whose financial details are undisclosed, was carried…
15 Jan 2021
JPMorgan wealth unit profit slips in Q4 2020
JPMorgan asset and wealth management (AWM) unit has reported a drop in net income in Q4 2020 though revenues at the unit saw a rise. Meanwhile, the group has reported…
15 Jan 2021
Wells Fargo in talks with GTCR, Reverence for sale of asset management unit
American banking major Wells Fargo is reportedly in discussions to offload its asset management arm to a private equity consortium led by GTCR and Reverence Capital Partners. The deal price…
15 Jan 2021
Wealth Enhancement Group scoops up Connecticut-based RIA Reby Advisors
RIA aggregator Wealth Enhancement Group has purchased Connecticut-based RIA Reby Advisors, which oversees about $727m in client assets. Financial terms of the deal, which is Wealth Enhancement Group’s first in…
15 Jan 2021
BlackRock Q4 2020 profit soars as AUM hits record high
BlackRock Q4 2020 results surpassed estimates as AUM reached a record $8.68trn from $7.43trn in the prior year, amid improving global growth prospects and increased market activity. Investors poured money…
15 Jan 2021
15 Jan 2021
Top 10 M&A legal advisers in Europe for 2020 revealed
GlobalData, a leading data and analytics company, has revealed its league tables for top 10 legal advisers by value and volume in Europe for 2020 in its report, Global &…
15 Jan 2021