Bank channel

Senate Democrats' decision to change filibuster rules has shifted the composition of a powerful federal appeals court, a move that could bolster the banking agencies against future industry challenges to the Dodd-Frank Act.

Federal regulators released an interim final regulation late Tuesday designed to fix a problem with the Volcker Rule that would have caused hundreds of banks to take writedowns on certain assets.

In addition to relieving the shortage of advisors, junior brokers increase an investment program's advisor productivity, boost program revenue and fatten profits.

Wells Fargo, the largest U.S. home lender, reported a 24% rise in fourth-quarter earnings as the bank extended more credit. The shares slipped as margins narrowed and mortgage applications waned.

JPMorgan Chase's quarterly profit fell 7.3% on $2.6 billion of settlements tied to Bernard Madoff's Ponzi scheme as rising legal costs ended the firm’s three-year streak of record annual earnings.

Banks could save money -- and avoid having to sell to, or buy other, banks -- by sharing the costs of compliance checks, account databases and even branch space, a new report from the accounting firm EY suggests.

UBS AG, Switzerland's largest bank, expects to boost client assets in the U.K. this year even as Swiss competitors try to break into London's $1.2 trillion private wealth market to help counter withdrawals at home.

If your clients run into one of these guys, they just may leave you to make the change to fee-based.

UBS AG Chief Executive Officer Sergio Ermotti denied speculation that Switzerland's biggest bank will spin off its investment-banking business to meet regulators' demands for holding more capital.

In the bank channel, fee-based business is the Woodstock of strategies--everyone says they're doing it, but few really are.

Month after month, JPMorgan Chase endures negative headlines — this week came the announcement that the bank is paying $2.6 billion to settle allegations related to Bernard Madoff's Ponzi scheme — yet investment analysts remain bullish on its stock.

The new hires are part of the wealth manager's campaign to increase its sales force by 50% and add private and mortgage bankers in key wealth markets by the end of 2014.

Big banks don't have many loud cheerleaders these days, but they might not need many more than Dick Bove.

Citigroup Inc., the third-largest U.S. lender, said Deepak Sharma will retire as chairman of its private bank after 38 years with the firm.

Payrolls in December increased at the slowest pace since January 2011, indicating a pause in the recent strength of the U.S. labor market that may have reflected the effects of bad weather.

As consumers manage more of their lives on their mobile devices and PCs, banks, slowly but surely, are updating their websites to make banking fit in with a digital lifestyle. In one new trend, they're letting customers schedule in-branch appointments online and through a mobile device, a la Apple, Staples and Best Buy.

In this newly created role, Philip Poole will lead research activity across the firm’s investment platform globally.

UBS AG, Switzerland's biggest bank, is considering a spinoff of its investment banking business as regulators’ demands for more capital thwart efforts to boost returns, according to Mediobanca analysts.

As more community banks look at working with alternative lenders, they must be mindful of the regulatory and reputational risk that can occur if they make a bad referral.

The Minneapolis bank's agreement to buy 94 RBS-owned branches in Chicago is the biggest deal that a big bank has pursued in awhile, and observers will watch the approval process closely for any signs that regulators are warming to the idea of acquisitions by large banks.