Schroders is a global asset management company.

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Schroders in new record

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Fund manager Schroders said its assets under management rose to a record $452.5bn in the first quarter of 2014 after it took in new money across a range of products.

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BofA, CIBC, Deutsche, Citigroup, Commerzbank, Schroders

Financial News Reports that Bank of America plans to grow the profits it makes out of its corporate and investment banking activities by nearly half in the next five years. The bank wants to get another $10bn in revenues and $3bn in profits out of the unit by 2011.

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