Bank channel

Alternative mutual funds are making their way into the market via mutual fund firms, hedge funds, private equity shops and now banks.

The T. Rowe Price Group has agreed to sell its banking unit to the investor Jacob Safra.

The new hires are part of the firm’s aggressive two-year recruiting campaign to increase the sales force by 50% by the end of 2014.

MetLife Inc., the largest U.S. life insurer, cut its advisor force by a third, eliminating 2,500 jobs as the company scales back variable annuity sales and turns to other nations for growth.

The long-held notion that community banks, by definition, provide exceptional customer service is getting debunked.

Small-business owners are generally satisfied with their access to funding and about one in five plans to apply for a loan in 2013, according to a new survey from Bank of America (BAC).

The U.S. crackdown on Liberty Reserve is stoking fears that the government may effectively cut off digital currencies like Bitcoin as banks sever ties with businesses in this growing field.

Residential and commercial real estate are finally enjoying a solid recovery. Housing prices are rebounding nationwide, and residential construction was a leading contributor to overall U.S. growth last year. The market for multi-family apartment buildings is on fire, and money is also pouring into office buildings and retail space. But national numbers only tell part of the story.

JPMorgan Chase & Co. hired Travis Machen from Morgan Stanley to run corporate banking for hedge funds, money managers and other mid-sized financial firms.

It's hard to believe but true: more than 700 banks maintained a pristine Camels 1 rating throughout the six-year period bracketing the financial crisis. New Fed research shows why.

Bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.

Wells Fargo added a former Edward Jones advisor in Hudson, Ohio.

Federal Reserve Board Chairman Ben Bernanke told lawmakers that his concerns about financial stability risks from historically low interest rates have "increased a bit."

Under a new program, advisors and relationship managers will team up to serve clients as equal partners.

In 2012, bank holding companies earned a record $122.3 billion from their wealth management programs, up 3.3% from $118.4 billion in 2011.

Bank of New York Mellon is hiring as many as 100 people in its wealth-management unit as it seeks to counter lackluster earnings in other businesses.

Umpqua CEO Raymond Davis expects banks to focus on customer service and building smaller branches in the years to come.

Bank advisors producing $120,000 in revenue had an average payout of 20% last year; those producing more than $2 million averaged 41%.

Debralee Nelson, a recruit from J.P. Morgan Chase, will drum up business among ultra-high-net-worth clients in the New York Tri-State region.

JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world's largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition.