Bank channel

Wealth management services generated $6.9 million in second-quarter revenue, up 20.4% year-over-year.

The Nashville community bank has expanded into new territory with the addition of three advisors who will focus on the medical industry and physicians’ practices.

The Securities and Exchange Commission charged Trendon Shavers with defrauding investors of nearly $150,000 worth of bitcoins through Bitcoin Savings and Trust, an online investment scheme he ran, and of making false claims while soliciting investments online in 2011 and 2012.

Cloud computing vendors should be reaping a windfall from bank clients, if a recent report is a true indicator.

For the first six months of 2013, trust services generated $14.9 million, while investment services and insurance generated $5.8 million, up 31% and 26%, respectively, from last year.

Regions Financial Corp., Alabama’s largest bank, said second-quarter profit fell 8.8 percent as expenses increased on costs related to early debt repayment and mortgage revenue declined.

The Senate's latest proposal to break up the big banks faces an uphill battle, but FDIC Vice Chairman Thomas Hoenig still says it could have a major impact on the movement to separate big banks' commercial and investment activities.

First-half revenue at the six biggest U.S. banks climbed for the first time in four years, fueling profits and vindicating Bank of America Corp. and Morgan Stanley leaders who presided over stock slumps.

Noninterest income increased 10% to $82.2 million in the second quarter, largely due to the bank’s purchase last year of money manager Rochdale Investment Management.

SIFMA's staged cyberattack Thursday was declared a success (at least by SIFMA). But experts say banks still need to put more defenses in place to protect their infrastructures.

State Street Corp., the third- largest custody bank, said second-quarter profit climbed 16 percent as rising global equity markets lifted the value of the assets it oversees.

Two of the five new hires joined the Boston office. The others joined offices in Princeton, N.J., Melville, N.Y., and Walnut Creek, Calif.

A staged cyber assault meant to test banks' response to cyber threats took place Thursday from the middle of the morning to early in the afternoon.

Trust services generated $124.7 million in income during the second quarter of 2013, up 2% from the same period last year.

Northern Trust Corp., the third- biggest independent U.S. custody bank, said second-quarter profit rose a smaller-than-expected 6.2 percent as stock-market gains boosted the value of assets the company oversees.

PNC Financial Services Group Inc., the second-largest U.S. regional bank, said second-quarter profit more than doubled, beating analysts’ estimates, as fee revenue surged and the firm set aside less for bad loans.

Bank of New York Mellon Corp., the world’s largest custody bank, reported that second-quarter profit rose 79% as the stock-market rally boosted assets and fees for overseeing them.

Hedge funds have beaten the FDIC in a series of legal disputes over the assets of bankrupt holding companies, exposing a serious flaw in the regulator's system for recovering value from failed institutions.

Private banking, trust and brokerage units have each enjoyed periods when they were the big guys on campus. But now no one group is more important than the other.

Readers weigh in on HSBC’s decision to put its advisors on salary.