Bank channel

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

The new hires will be responsible for business development and identifying opportunities for expanding the firm’s client base.

Cetera will provide the Chambersburg, Pa.-based community bank with investment, insurance and fee-based advisory services and support.

Seeking to end probes of a trading debacle that damaged its reputation for risk-management, JPMorgan agreed to pay about $920 million for failing to implement adequate controls and providing incomplete information to regulators and its board.

The firm has expanded in Texas with the addition of a team of three former Merrill Lynch advisors.

KeyCorp wasn't looking to make history when it named a female CEO in 2011. It wanted a stronger leader and a good fit for the company. Based on what Beth Mooney has accomplished so far, she's delivering on all fronts.

Wall Street banks, facing a drop in third-quarter trading revenue, are counting on today’s Federal Reserve announcement to spark a surge in volume.

Providers of money-market mutual funds and the states and corporations relying on them to manage cash will tell U.S. House lawmakers today to be wary of new regulation of the $2.6 trillion industry.

Malvern Bancorp is being challenged by a pair of dissidents in a development that highlights investors' growing frustration with the banking industry's inability to put capital to work.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon told employees to prepare for more legal woes while the bank undertakes an “unprecedented effort” to comply with regulations.

The wealth manager is moving to a larger office space to accommodate growing business in Florida.

The move is part of BNY’s previously announced plans to expand its nationwide sales force by 50% over the next 18 months.

Many banks are at a crossroads now on whether to stay independent or sell—but for those banks that raised money to buy others, the pace of consolidation has been a drag.

In the first half of 2013, they generated $283.3 million in revenue, the most they’ve made in the first six months of any year since 2007.

The Tupelo, Miss.-based financial holding company selected Infinex Financial Group to manage its investment services program.

Umpqua Holdings' agreement to buy Sterling Financial is the latest in a series of deals this year to pair similarly sized banks, creating a new crop of midsize financial institutions.

In 2012, they generated an average of $262,972 in revenue, beating advisors in similar-sized banks that partner with third-party broker-dealers.

FirstMerit, M&T Bank and New York Community Bancorp are buyers in different stages of the acquisition process, and their executives together provided an insightful look into the full M&A experience this week.

The bank recently made a series of moves to woo the long-neglected mass-affluent customer.

Morgan Stanley will get another $57 billion of deposits from Citigroup as part of its Smith Barney purchase and plans to increase securities lending, commercial real estate, corporate and warehouse lending.