Bank channel

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.

The hires are part of BNY Mellon’s campaign to increase its nationwide sales force and add private and mortgage bankers and other professionals in top U.S. wealth markets.

Over the past two years, the number of advisors jumped to 60 from 45, an important factor in the unit’s revenue growth.

Bank of America completed the merger of its Merrill Lynch & Co. subsidiary into the parent company to simplify the corporate structure.

Investment advisor James Christy, of Northwest Financial Federal Credit Union, has Washington connections, but he's not seeking business on the Hill. He's got plenty of referrals to build a book in the suburbs.

The wealth manager will provide clients of its affiliate M&T Bank with expanded wealth management and investment services, while developing new business.

Webster Bank is a decidedly local bank but when it comes to its investment and wealth management services, its thinking is distinctly global.

"Our latest report finds that first-half community bank investment program revenues are the best they've been in seven years," said Michael Anderson of Securities America.

In August, the San Francisco-based bank launched a website, offering education, tools and a more robust capability to help the mass-affluent customer with retirement planning.

How do you convince mass-affluent clients to think more globally with their investments?

The time to lean more heavily toward domestic options has passed. Instead, experts are looking across our borders for tomorrow's opportunities.