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The wealth management unit improved.
Besides strengthening its balance sheet, Mr. Pandit has appointed a new chief risk officer and made changes in the way its mortgage operations and global wealth management unit are structured.
"They're much more focused on balance sheet management".
Don Dale's little rooms were called the behavioural management unit.
So was a new Vatican asset management unit.
Revenue in the asset management unit rose 32percentto to $231.2 million.
Earnings in the asset management unit dropped 77percentt.
It will also save another £1.5bn through "balance sheet management" and "operational efficiencies".
And such balance sheet management is healthy, especially when rock-bottom interest rates make capital cheaper.
The nature reserve now has its own management unit.
Bank of America already has wealth management unit U.S. Trust.
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