Lananh Nguyen

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Even Wealthy Americans Say Financial Worries Hurt Their Mental Health

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Despite the prevalence of money worries, many Gen Zers and millennials believe they’ll be millionaires.

Bank Of America Plans To Concentrate Manhattan Staff At Midtown Hub

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A large portion of the bank’s 13,000 N.Y. employees will be at six properties clustered around Avenue of the Americas.

BofA, Jane Street Say Rise Of ETFs Is Improving Bond Market

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The growth of fixed-income ETFs is making it easier to determine bond prices and smoother to carry out large trades.

Big Banks Lean On Main Street For Profit Before Fed's Pause Hits

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Can banks continue to rely on their retail businesses when revenue sinks and the credit cycle turns?

Evans Says Fed Rate Cut Could Be Needed If Core Inflation Fell

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The Chicago Fed president believes that interest rates will stay put for at least the next 12 months.

Rich Women Are Increasingly Calling The Shots, Merrill, Morgan Stanley Find

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Rich women mean big business for some of the world’s largest wealth managers.

Gen Z Americans Already Saving To Buy Homes Before They Turn 30

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Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years.

BofA Plans To Raise Minimum Wage To $20 An Hour Over Two Years

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The bank's minimum wage will step up to $17 on May 1, then to $20 by 2021.

UBS Promotes Advisors To Challenge BofA, Morgan Stanley For Rich U.S. Clients

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UBS is the world’s biggest wealth manager, but its American wealth operations are smaller than rivals.

BofA Drops Merrill Lynch Name From Investment Bank Brand

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The company will also drop the U.S. Trust name from its private bank.

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