Updated Sunday, April 20, 2014 as of 7:33 PM ET
Webster’s Wealth Business Slides from Q4
Webster Bank’s wealth management businesses took a dive from its record fourth-quarter performance in 2013.
In the first quarter of 2014, wealth and investment services generated $8.84 million in revenue, down 12% from $9.99 million the previous quarter, the bank’s holding company announced Thursday.   more »
More in Private Banks
The new director fills the last of three critical positions in the build-out of the Waterbury, Conn.-based private bank. more »
E.J. Burke, one of the two new co-presidents of the Community Bank, will be responsible for Key Private Bank as well as Key’s commercial and business banking segments. more »
C1 Bank in St. Petersburg, Fla., is betting that its new, above-average "living wage" for all full-time employees will help it attract and retain top-notch workers. more »
Like the Postal Service, small banks must radically change their business model, expect more consolidations and mergers, focus on critical services and avoid relying on the U.S. government for help - it could make things worse. more »
Community banks are revamping branches and offering new services in an effort to become trusted advisors to small businesses. Such a transformation is often easier said than done. more »
Upstate New York banker John Buhrmaster discusses the regulatory challenges small banks face, his issues with big banks and why smaller banks need to take a serious look at charging more for the services they offer. more »
Community bank leaders entered 2014 with a rosy view of their companies' prospects, according to a new survey from Abound Resources. more »
Banks that want to expand via M&A will face a special challenge in 2014. The failed-bank market has quieted, but regulatory costs and other factors that are expected to drive open-bank M&A haven't coalesced quite yet, says bank M&A advisor Randy Dennis. more »
Investors paid the most in a year this month to hedge against swings in U.S. financial shares amid speculation that increased regulation and a reduction in Federal Reserve stimulus will hurt revenue. more »
Many RIA firms are tempted to use new trust companies to avoid losing clients to big banks. Some experts warn against it. more »
Net inflows from wealthy clients in emerging markets slowed in the third quarter according to the world’s largest private bank for the rich. more »
Almost half (46%) of advisors believe their clients donate to charity to reduce their taxes, when in fact only 10% do. more »
Umpqua Bank’s plan to grow the private banking business may shift into high gear if its parent company’s planned acquisition of Sterling Financial Corp. is approved. more »
Advisors on the Move: Cambridge Snags $500 Million Team

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