Margarida Correia

Nine executives were recently tapped to lead wealth management and related investment services groups at several financial institutions, including Fifth Third, Huntington and J.P. Morgan Chase. Find out who they are and what their new roles entail.

The former Provident Bank wealth executive will be responsible for growing the U.S. wealth business and overseeing the development of the adviser program.

Mike Michael, an executive vice president and regional president, takes over the business from Philip McHugh, who now heads the consumer bank.

Despite initial reservations, the advisers eventually viewed the cuts as the right thing to do in light of the industry's shift to a fiduciary standard of care.

"If there are opportunities that present themselves, we will take a look," said U.S. Bank CEO Andy Cecere.

The PricewaterhouseCoopers recruit will work with wealth management experts whose clients are looking for an investment bank to lead the sale of their business.

The rep argued that the money she received was not a loan but rather the proceeds from the sale of her tractor to the customer.

First-quarter profits jumped almost 40% on $577 million in revenue.

The rep declined to provide the regulator with documents it needed to investigate allegations that she converted $13,000 for personal use.

While first-quarter revenue from insurance services fell 7.5% year-over-year, the overall wealth management business still managed to come out ahead.