Bank channel

Bank of America Corp.’s $2.4 billion settlement with investors who lost money as a result of the bank’s acquisition of Merrill Lynch & Co. was approved by a federal judge.

Those who do use advisors are scrutinizing the guidance they get and realizing that true value is more than just investment returns.

Goldman Sachs Group Inc., the fifth- largest U.S. bank by assets, said Stephen Friedman will retire from its board of directors on May 22.

Cetera will provide the Fort Wayne, Ind.-based community bank with wealth management services, solutions and support.

(Bloomberg) Bank of America Corp. Chief Executive Officer Brian T. Moynihan has summoned more than 100 of his regional leaders to a private meeting today where they’ll be pushed to boost the lender’s flagging revenue, said two people with direct knowledge of the project.

Asset managers have taken notice of the the proliferation of alternative mutual funds in the retail and institutional channels and have changed their game plan accordingly.

The bank hired a new wealth management advisor, trust officer and senior portfolio manager in the Minneapolis office of the Private Client Reserve.

The Federal Deposit Insurance Corp. took enforcement actions against four banks last month tied to inadequate capital, compliance shortcomings and other matters, according to a series of orders released Friday.

An expanded database of complaints that consumers have filed against large financial institutions went public Thursday, but the debate over whether the new treasure trove of information helps or hurt banks is just beginning.

Not sure how to help your small business clients see a situation more clearly? Try these road-tested tips in talking to your entrepreneurs.

The Minneapolis bank stakes its claim in the ultra high-net-worth space with facilities that are part private club, university, wealth management shop and boutique hotel.

Life in New Orleans is still defined by Hurricane Katrina and the devastating flood. But in that chaotic aftermath, Keith Laterrade of Gulf Coast Bank & Trust was able to build his reputation and his business.

Bankers who were at the ICBA's national convention last month are considering ways to expand social media use and offer new products that will not run afoul of regulators.

The expansion supports a shift in business strategy to help commercial and mid-market clients, Suzanne Copeland, the chief marketing officer of Provident Bank, said in an interview.

Now that the infrastructure is in place, Umpqua Private Bank is ready to scale the business, says Kelly Johnson, the executive vice president of the wealth management division.

Bob Benmosche was as charismatic and profane as you've heard. He was also funny. But the nagging, journalistic part of my mind kept wondering: Is this guy serious?

When advising small business owners, it helps to have the same passion — and entrepreneurial skills — as they do.

Venu Krishnamurthy, managing director and president of Citigold Wealth Management, discusses his seven years in the securities business.

Are planners better off working in states with fewer competitors? Not everyone agrees on the answer.

A smart human capital strategy is key to a successful wealth management company.