Sixteen semi-liquid private funds run by groups including Blackstone, Blue Owl, Apollo and KKR generated more than $2bn in servicing fees for wealth advisers since 2017.

State Street posted first-quarter 2026 net profit of $764m, compared with $644m in the same period last year, marking a 19% increase.

Deutsche Bank has notified financial regulators about possible violations of EU sanctions rules tied to Russian clients.

Credit: DCStockPhotography/Shutterstock.com Schroders shareholders have approved the £9.9bn ($13.4bn) sale of the UK asset manager to US rival Nuveen. At a general meeting in London, 99.9% of votes ...

Morgan Stanley has reported net income applicable to the firm of $5.5bn for the first quarter of 2026, up 29% from $4.3bn in the same period last year.

Deutsche Bank is reorganising its business for ultra-high net worth clients by moving Deutsche Oppenheim Family Office and other specialist teams into the division, bringing related advisory work for ...

Perella Weinberg Partners has agreed to acquire Gleacher Shacklock, a UK-based boutique advisory firm for undisclosed sum.

The Bank of England (BoE) has revised its guidance on handling bank failures, introducing an alternative bail-in mechanism.

HSBC’s senior executive overseeing commercial and investment banking across the US and Europe has stepped down.

Goldman Sachs has reported net earnings of $5.6bn for the first quarter of 2026, up 19% from the same period a year earlier.

The bank reported expenses of $26.9bn during the quarter. Credit: Tada Images/ Shutterstock.com. JPMorgan Chase has reported quarterly net income of $16.5bn for the first quarter of 2026, a 13% ...

Citigroup has set tougher performance objectives for its private bankers, with some staff members saying the new demands may be out of reach as the bank tries to strengthen its wealth operation, ...