Goldman Becalmed in Asia

The outperformance of universal banks reflects their advantage in trading fixed-income products for companies, as opposed to the hedge funds and other institutional investors that are the preserve of Goldman.


BNY Mellon launches US fund

"We aim to deliver consistent long-term investment returns well within our clients' risk profiles.”


Bank of America Merrill Lynch reshuffles European leadership

The American banker, who is a naturalised Briton and received an OBE for services to British banking, won plaudits for running UK Financial Investments, the body set up after the financial crisis to manage the government’s banking stakes.