Margarida Correia

Pressure to control costs and concern over anticipated regulatory changes are driving banks and credit unions to consider other advisor compensation options.

Bank customers who have financial plans are twice as likely to purchase insurance and investment products from their institutions, according to a new study.

The advisor and portfolio manager argued that because Barclays failed to live up to its promises he should be relieved of any obligation to repay the signing bonus he received.

The firm fleeced customers of roughly $8.6 million by allowing more than 6,100 unsuitable mutual fund switches to occur over a five-year period, FINRA said.

Anthony Percora, a former SEC attorney, will develop all policies and procedures related to the firm's compliance program.

The fraudster swindled nine Fidelity customers out of more than $1 million over a seven-year period.

Tammy Petersen will be on federal probation for three years and will have to complete 200 hours of community service for embezzling more than $118,000 from Bank of America customer accounts.

David Sawyer will lead a team dedicated to developing and executing strategies to grow BMO's trust business in Delaware.

Thomas Melcher, managing executive of PNC's ultrahigh-net-worth wealth management unit, will assume his new role on Jan. 1, succeeding James Dunigan, who retires next year.

The bank's wealth management group has launched a new offering that caters to owners of small- to medium-sized businesses.