Bank channel

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.

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.

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

The bank channel, long regarded as a minor league to the glitzier and higher-paying wirehouses and RIAs, is on the verge of taking a major-league step ahead.

In a Q&A, Hari Gopalkrishnan, who oversees mobile banking for Bank of America's consumer and wealth management operations, discusses the mobile trends of the past year, including the difference between what its technology is capable of doing and what consumers are willing to adopt.

The bank's wealth management group is gearing up for more business in Nevada now that it has the ability to deliver trust services in the state.

Louis Papa maintains round-the-clock, uninterrupted communication with all of his clients, which is possible because he only serves around 60.

Advisors have invested a significant amount of sweat equity in their books. Why not tap that resource to fund their own retirement?

Banks are under pressure to keep their top-producing advisors—here's what they're doing about it.

With close to half of all bank advisors near retirement age, how are banks planning to replace them?

A retiring advisor focused on the best fit between his clients and five young successors.

As fee-based business increases, succession planning takes on a bigger role in the channel.

Cardinal Financial made a big push into wealth management a decade ago. Today, it remains an inconsistent business, though management is optimistic about the future.

The two failed to cooperate with FINRA investigations into alleged misconduct, including allegations that one converted customer funds.

DD4BC, a group that threatens to knock out corporate websites unless it is paid off in bitcoins, has expanded its denial-of-service attacks on banks.

The 25 largest bank-owned broker dealers produced almost $22 billion in fixed and variable annuity sales last year, or 57% of the total sold by all banks and credit unions.

Interest rates are still at zero, and banks will still be OK — though they may have to do a little scrambling. That could mean a shift away from short-term, rate-sensitive assets, or yet another round of cost-cutting.