Bank channel

The deal, which would bring the bank’s total settlements in the episode to more than $1 billion, may be announced as early as this week.

The third- biggest independent U.S. custody bank said third-quarter profit rose 15% as cost cuts combined with rising stock markets pushed revenue higher.

Bank of America advanced in New York trading as the second-largest U.S. lender said lower legal expenses and loan losses helped profit rebound.

Independence Bancshares in S.C. may look like an unassuming community bank, but its plans to tie together mobile banking and real-time processing may turn the industry on its head.

Just beneath the handful of behemoth banks, there are many more smaller banks competing for a larger, mainstream clientele. It's a mad scramble, but you can read about some of the winning strategies here.

Banks are looking to the relative safety and profitability of their wealth management divisions to boost earnings. But with that strategy comes increased regulatory and ethical scrutiny of this business line.

While the biggest banks dominate the wealth management industry for the most affluent clients, there is a mad scramble of regional and community banks for the less affluent clientele. One CEO called it a "jump ball."

Julie Stackhouse at the St. Louis Fed admits that some regulators who once questioned the role of smaller institutions are now committed to hearing their concerns and making improvements.

In the third quarter, the bank’s wealth and investment services generated $8.1 million in revenue, up $909,000, or 13%, from a year ago, but 9% shy of the record $8.9 million it produced in the second quarter.

JPMorgan reported its first quarterly loss under CEO Jamie Dimon after taking a $7.2 billion charge for legal expenses.

Wells Fargo said third-quarter profit climbed 13% to a record as fewer loan defaults and lower expenses helped overcome weakness in mortgage lending.

Almost half (46%) of advisors believe their clients donate to charity to reduce their taxes, when in fact only 10% do.

Janet Yellen is expected to take a more hands-on role in bank regulation than her predecessors if she is confirmed to be the next chairman of the Federal Reserve Board.

Umpqua Bank’s plan to grow the private banking business may shift into high gear if its parent company’s planned acquisition of Sterling Financial Corp. is approved.

The tiny deal between Bridge Bancorp (BDGE) and FNBNY Bancorp is a megamerger of so many M&A trends. There is a small seller feeling operational pressure, but it has a hard time raising capital to expand its balance sheet. There is a buyer on the hunt for new markets that only raises capital when it has its target secured. Moreover, they have an agreement that reflects how buyers and sellers are still wrestling over loan valuations. …

Helen Nugent, an 18-year veteran of Northern Trust, oversees a team of five sales directors across a six-state region and will drive regional professional recruitment efforts.

Researchers at a Federal Reserve conference in St. Louis provided data backing small bankers' concerns about regulation and competition, though it is unclear if the findings will led to meaningful change.

The Business Roundtable, a group whose executive committee includes JPMorgan Chase & Co. head Jamie Dimon, said 21% of surveyed chief executive officers think it’s unimportant to have a “one-stop shop” for their financial needs.

Change is coming faster than ever for the bank channel with disruptive technologies and social media altering the landscape in banking and elsewhere. Here are some ways to keep up and enhance your presence online.

Big banks once again widened their lead in deposits, according to the FDIC's yearly survey. Community banks lost ground nationwide, but they held their own in small cities and rural areas. Plus, small banks slowed deposit-gathering because they're already too liquid.