Tuesday, Apr. 22, 2014 - "A volatile first quarter led to mixed fortunes for the trading and investment banking businesses at the largest U.S. banks, but one consistent bright spot emerged at each: asset management. Fund management and wealth businesses, which are less capital intensive than investment banking activities such as trading, have become an area of increased focus for banks since the financial crisis. The units help diversify earnings, provide the opportunity for banks to cross-sell between units and often involve investors prepared to commit funds over a longer time period."