Wealth management

Goldman Takes $750M Wealth-Management Step
M&A

Goldman Takes $750M Wealth-Management Step

The acquisition of United Capital advances Goldman's "long-term strategy to offer clients solutions across the wealth spectrum."
By Matthew Heller | May 20, 2019
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Citi Plans Push For Digital Deposits
Payments

Citi Plans Push For Digital Deposits

“People are willing to switch to a bank that is able to provide this kind of mobile-first experience,” said a Citigroup executive.
By William Sprouse | July 9, 2018
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Credit Suisse Fined $90M for Inflating Metric
Risk & Compliance

Credit Suisse Fined $90M for Inflating Metric

The bank allegedly misrepresented it had attracted $7.6 billion in new wealth management business to meet performance targets.
By Matthew Heller | October 6, 2016
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Canada’s CIBC to Buy Chicago’s PrivateBancorp
Strategy

Canada’s CIBC to Buy Chicago’s PrivateBancorp

The $3.8 billion deal will significantly expand CIBC's reach in North America and build on its 2013 acquisition of Atlantic Trust.
By Katie Kuehner-Hebert | June 29, 2016
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Canadian Bank Goes Hollywood
M&A

Canadian Bank Goes Hollywood

Royal Bank of Canada inks deal to acquire Los Angeles-based City National, a $32-billion bank that serves many high-net-worth U.S. clients.
By Katie Kuehner-Hebert | January 22, 2015
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Employee Stole Data of 350,000 Clients: Morgan Stanley
Workplace Issues

Employee Stole Data of 350,000 Clients: Morgan Stanley

Partial account information for up to 10% of the bank's wealth-management clients was stolen and some of the data was posted online.
By Matthew Heller | January 5, 2015
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