Bank channel

Citi Private Bank has quietly overhauled its app for customers with at least $25 million in net worth in recent weeks.

In 2013, the programs produced $568.3 million in income, up 8.9% from the previous year and the most they’ve ever produced in the roughly seven years that the data has been available.

DataPak will enable financial institutions to infuse customer data from their wealth management or brokerage operations into their core systems.

Wells Fargo, which reported more profit than any other U.S. bank in 2013, left CEO John Stumpf’s annual compensation unchanged at $19.3 million.

Community banks are revamping branches and offering new services in an effort to become trusted advisors to small businesses. Such a transformation is often easier said than done.

Having a long-term horizon for the sale of a business puts the owner in a better position to optimize tax strategies. It's also an opportunity for advisors angling for the investment business a sale will produce.

Citigroup, which has spent the past few years rethinking its undersized U.S. branch network, on Friday unveiled plans to reformat its physical locations, starting this year in Miami. Executive William Howle explained the changes in an interview.

Those who wanted to greatly expand the power of government over the financial sector, took full advantage of the opportunity, write a former FDIC chairmen and a former president of the Federal Home Loan Bank of Chicago.

It's important to understand your strengths and weaknesses. If you're not getting the level of success you want, it may be time to investigate a new type of firm.

First Citizens Banc in Sandusky, Ohio, will close three branches to cut costs.

As consumers' behavior changes, banks are adapting with them.

The bank's Private Client Reserve unit hired new wealth management professionals in Washington State, Denver, Kansas City and Naples, Fla.

Banks of all sizes are struggling to increase the revenues and profits that they can eke out of their retail operations - while trying to elbow their competitors out of the same turf. To do so, bankers need to face some hard truths about their branches, technology and M&A ambitions.

The Charlotte, N.C., bank offers a model for other community banks that have expanded quickly in recent years but face a pricier M&A market: focus on smaller deals that provide additional liquidity and plug geographic holes.

The new relationship will allow the Huntsville, Ala.-based credit union to expand its current investment services program.

Young Americans not only have little loyalty to banks, but many also believe that traditional financial institutions are on their way to irrelevance, a new survey shows.

Unity Bank, a subsidiary of Unity Bancorp, has opened a new division that will offer a wide range of investment products and services aimed at helping customers to grow and preserve wealth.

New skills and new training are necessary for advisors to succeed in today's market, but banks and broker-dealers have not made it a top priority.

Despite some bright spots, the bank channel has some surprising areas in need of improvement, according survey findings unveiled at the annual review-and-preview at this week's BISA conference.

Upstate New York banker John Buhrmaster discusses the regulatory challenges small banks face, his issues with big banks and why smaller banks need to take a serious look at charging more for the services they offer.