Bank channel

The third-largest U.S. bank cut 200 to 300 jobs in its division handling stock and bond trades to shrink costs amid a slump, according to a person familiar with the matter.

Two former executives of Sonoma Valley Bank have been indicted for their alleged involvement in a $9.5 million fraud scheme.

The new director fills the last of three critical positions in the build-out of the Waterbury, Conn.-based private bank.

Jane Fraser, the new head of Citigroup's U.S. consumer and commercial unit, has promoted William Howle to run its U.S. retail bank.

E.J. Burke, one of the two new co-presidents of the Community Bank, will be responsible for Key Private Bank as well as Key’s commercial and business banking segments.

C1 Bank in St. Petersburg, Fla., is betting that its new, above-average "living wage" for all full-time employees will help it attract and retain top-notch workers.

In 2013, fees and commissions from annuity sales produced $3.43 billion in revenue, up 9% from 2012, according to the Michael White Bank Annuity Fee Income Report.

The advisor was suspended for downloading reams of confidential, nonpublic information for more than 2,000 customers of a credit union where he had previously been employed.

Online and mobile banking have forever transformed the way people bank, but the digital evolution has a dark side: it is increasingly creating new opportunities for fraudsters to hack into accounts.

JPMorgan Chase & Co., the largest U.S. lender, agreed to sell its large-market 401(k) recordkeeping business to a division of Canadian life insurer Great-West Lifeco Inc.

The former president and chief executive of Gateway Bank in Oakland, Calif., has been accused of orchestrating a fraud scheme to disguise the bank's crumbling financial condition.

Only 40 banks have their own brokerage units, a mere 2% of the 1,809 banks that offer investment services.

The future of the branch is anyone's guess, but one thing is for sure: RIP teller lines. The new teller-line free branch concepts require staff members to better deliver a brand experience that includes demoing new mobile app features to signing a customer up on a new product.

Jim McNeil moves to Information Inc., another group within SmithBucklin, as his career comes full circle.

David Jones, the son of a minister, finds parallels between his chosen career at Lake City Bank and his father's work. They both help people, but he uses a desk instead of a pulpit.

Bank Investment Consultant decamped to Florida last month for the Bank Insurance & Securities Association's annual conference.

Regulators have a difficult and thankless job. In the advisory industry, with thousands of people, regulators are tasked with creating a universal minimum threshold of service and competence.

FINRA continues to tighten its rules to make sure investors get suitable advice. Meanwhile, advisors are trying to keep their heads above water.

A former executive of Weymouth Bank’s brokerage division and a former representative of M&T Bank Securities were barred from the industry for serious misconduct.

Poll results on if bank branch networks will decrease in the next decade.