Bank channel

FINRA barred Fernando Arevalo and Jimmy Caballero, two brokers at JPMorgan Chase Securities, for stealing $300,000 from an elderly widow with diminished mental capacity.

JPMorgan Chase and Goldman Sachs Group, the world’s biggest trading firms, had their revised capital plans for 2013 cleared by the Federal Reserve on Monday, a month before next year’s submissions are required.

The bank said the U.S. government’s move to add one of its executives as a defendant in a fraud lawsuit suggests retaliation after the bank said it was suspending settlement negotiations.

Northwest Savings Bank in Warren, Pa., has agreed to acquire a financial advisory firm and an employee benefits and consulting insurance company.

After holdings of U.S. debt surged to a record $1.89 trillion in 2012, lenders from Citigroup to Bank of America and Wells Fargo are culling for the first time in six years and amassing dollars.

Bank of America, the second- biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims.

JPMorgan Chase’s reported attempt to get the FDIC to pay part of its settlement with the government is yet another chapter in a long-running dispute over the 2008 resolution of Washington Mutual.

"There aren't enough people going into the industry to replace those who retire," Scott Curtis, president of Raymond James Financial Services, told some 200 program managers and bank advisors at the event in Orlando.

"We're not maniacally focused on how many advisors we have affiliated with the firm," said Scott Curtis, president of Raymond James Financial Services. "Our focus is on asset growth and helping you to be more productive."

Banks and credit unions are paying advisors more for fee-based business, according to a new report from Kehrer Saltzman & Associates.

The CFA Institute, along with Maria Hartwig, an associate professor of psychology at the John Jay College of Criminal Justice in New York, are working on techniques to help financial professionals improve their ability to detect deception.

According to a report from consulting firm Booz & Co., more than half (51%) of the "rising mass-affluent" say they would consider using their primary bank for investing, compared with only 37% over the age of 50 who said they would.

This list is purely quantitative so those people skills that are so important in any business relationship are simply not captured here.

Professional football players spend 95% of their time preparing — advisors should take a page from that playbook and beef up their referral processes.

After 30 years of declining rates, this past spring was a modest reminder that the tide also rises. The next time will be a disaster unless your clients act now.

Here are this year's best financial advisors in the bank channel and the secrets to their success.

Increases in medium- and long-term interest rates still pose risks, but the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed that a rate recovery can also have advantages.

Alfred Feld, who joined Goldman Sachs in 1933 and rose from office boy to private-wealth manager and became the firm’s longest-serving employee, has died. He was 98.

As November draws to a close, we looked back on some of our most popular stories. Here are the month’s top picks.

HSBC in McLean, Va., has hired a longtime Citigroup executive to lead its U.S. branch network.