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However, both the residential and property management divisions traded strongly.
He runs the investment banking and investment management divisions that account for two-fifths of Barclays profitss.
Merrill cut expenses last year to offset declining revenue in its brokerage, investment banking and asset management divisions.
The business hopes to expand its mail-order service for back catalog, as well as its publishing, recording and management divisions.
The bank's trading, sales, and asset and wealth management divisions — none of which have much to gain from government connections — had been making more and more money.
The bank said another 470 positions would be eliminated in units providing systems development support for the investment banking and wealth management divisions.
Similar(17)
GOLDMAN SACHS GROUP, New York, named Daniel M. FitzPatrick managing director at its investment management division.
His father works in Naples, Fla., managing accounts for a wealth management division of Morgan Stanley.
The investment management division regulates all types of investment vehicles.
Tom Kalaris remains at the helm of the wealth management division.
In 1975 he founded its investment management division.
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