Bank channel

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.

Deutsche Bank AG, Europe's biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest-rate rigging scandal, according to a person with knowledge of the matter.

Rene Jones was also named one of two vice chairmen of M&T Bank.

The wealth manager is tapping the expansive commercial banking network of its new parent, M&T Bank, to connect with business owners and real estate developers.

A former top producer from Wells Fargo's private bank will manage client acquisition and relationship development activities across Webster’s four-state footprint.

Raoul Weil, once a powerful UBS AG executive, will return today to a U.S. courthouse where prosecutors said last month he ran a business that used Swiss bank secrecy to help Americans cheat on their taxes.

Susquehanna Bancshares (SUSQ) in Lititz, Pa., has hired Kevin Burns as chief risk officer and executive vice president.

Regulators are hoping to release an interim final rule next week designed to satisfy banker demands to change a provision of the Volcker Rule that threatens to force smaller institutions to take millions of dollars in write-offs.

Is it time to embrace temporary branches? Stop moving your best branch talent to other jobs outside the branch? Ditch promo pricing? Get some fresh perspective with American Banker's Big Ideas for 2014.

If you still haven't honed your professional approach, let that be your work resolution for the new year.

Many top bank executives still struggle to articulate the value proposition of their wealth programs and why it's better than that of their competitors. The new year brings into focus the importance of creating and sustaining a strong wealth management business.