Margarida Correia

Banks are working quietly behind the scenes to determine whether they should take the exemption that will allow them to charge commissions on retirement business.

FINRA slammed the firms for failing to apply sales charge discounts to customers' purchases of unit investment trusts. Seven of the 12 were bank broker-dealers or TPM firms.

The community bank saw Raymond James' financial services and resources as fitting well with its customer-focused strategy.

SunTrust's chief risk officer will lead the Consumer Banking and Private Wealth Management business.

Third-quarter revenue from trust and investment management services declined 8% year-over-year to $87 million. Meanwhile, retail brokerage revenue inched up 1% to $77 million.

The bank generated $464 million in revenue from wealth management, up 3.3% year-over-year. Profits, however, were flat.

J.P. Morgan Private Bank and J.P. Morgan Securities generated $1.4 billion in revenue, down 2% year-over-year. The bank's mass-affluent offering, however, increased revenue and number of clients.

In a bid to attract more mass-affluent clients, the bank is calling on bankers and advisors to work in teams.

The rep was ejected for failing to cooperate with a FINRA investigation into allegations that she stole money from a retail bank customer.

Destitution can strike anyone—rich, poor and in between—even if they have the basics of an estate plan in place.