Saeed Azhar

Bank of America's wealth business is targeting 4% to 5% net new asset growth in the medium term, executives said on Wednesday.

Jeffrey Epstein, the disgraced late financier and sex offender, had accounts at Goldman Sachs , HSBC and other banks, new court filings show.

Wanneer bestuurders van Bank of America woensdag het podium betreden om beleggers toe te spreken, staan ze onder druk om met dealmaking en vermogensbeheer de rendementen op te voeren en zo grotere rivaal JPMorgan Chase bij te benen.

As Bank of America executives step on stage on Wednesday to address investors, they face pressure to boost returns through dealmaking and wealth management to catch up with larger rival JPMorgan Chase .

Bank of America promoted Denis Manelski and Soofian Zuberi to become presidents and co-heads of global markets and made several other leadership changes in its trading arm, according to an internal memo seen by Reuters on Friday.

Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets.