Margarida Correia

For many people, insuring for the basics of home health care "might be enough to keep the wolves from the door," says a Nationwide executive.

Once the fiduciary rule was explained to customers, many became concerned about previous financial advice, with 29% considering switching to a new institution.

The investment services unit of one regional bank is working with 10 of its top producers to whittle their books of business.

The firm has already standardized its variable annuities and alternative investments and is working toward doing the same for mutual funds as well as indexed and fixed annuities.

The former Wells Fargo executive will command a team of 10 local private bankers in the Hudson Valley and metro New York market.

First Midwest Bank's acquisition of $550M Chicago-based RIA is the latest in a string of deals that banks are cutting with advisory firms to expand their wealth management businesses.

The increase was due to the rise in the size and number of "supersized" fines of $1 million or more; meanwhile, restitution fell 71% from the previous year.

The appointment follows a management realignment that occurred in the wake of Huntington's acquisition of FirstMerit last August.

The bank plans to acquire a Cincinnati insurance agency as part of an initiative to increase fee income and boost insurance services.

The bank's current leader of Consumer Banking and Private Wealth Management will move to a new role spearheading initiatives to evaluate further fintech alliances.