Bank Channel

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.

Although some tensions remain, the animus and distrust that's characterized so much of the bank-technology startup dynamic has faded.

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.

Is your bank about to be sold? It may depend on the age of the boss.

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

The move has hastened the transition to fee-based business and better positioned wealth management for growth.

The credibility of the big banks is on the line while regulators face their own test in striking a reasonable balance between being too easy on the banks and unrealistic in their expectations.

The former rep was barred last week for failing to cooperate with a FINRA investigation into allegations that he swiped $65,000 from a bank customer's account.

The institution employs four advisors who have $112 million in AUM.