Bank channel

David Mook, a 29-year veteran of JP Morgan Chase, will lead U.S. Bank’s private banking services, focusing on the needs of high-net-worth and ultra-high-net-worth clients and family-owned businesses.

Julie Castle will succeed George Feiger as CEO of Contango Capital Advisors, Zions’ wealth management subsidiary.

Banks earned $5.47 billion in insurance brokerage fee income in the first three quarters of 2012, down 7.1% from the year before.

The Federal Deposit Insurance Corp.'s Quarterly Banking Profile described an industry gaining health, but it still faces several key challenges to maintaining growth.

Banks and thrifts earned $34.7 billion in the fourth quarter to close out 2012 with the second biggest full-year profit ever, the Federal Deposit Insurance Corp. said Tuesday.

U.S. Bank wants to take the business of serving the ultra-wealthy to a higher, “experiential level.”

Big banks are struggling to find the best way to compensate their chief executive officers, said Sallie L. Krawcheck, former head of wealth management for Bank of America Corp.

KeyCorp's decision to sell Victory Management puzzled some, who asked why jettison a fee-based business and whether it might buy or sell some branches.

In 2012, almost seven in ten advisors (69%) operated in a team-oriented structure, up from 61% in 2011.

KeyCorp will sell its investment management arm, Victory Capital Management and its broker dealer affiliate, Victory Capital Advisers, to a group led by Victory’s senior management.

After 10 years of helping to build up expectations at PNC, Bill Demchak will have to surpass them after he becomes CEO this spring.

Social media is great for marketing. For customer authentication, not so much.

JPMorgan Chase is facing another call from institutional investors to separate the roles of chairman and chief executive.

As many as two-thirds of organizations are said to be ineffective or inefficient in some capacity. Sometimes the inefficiencies are brought on by laziness -- other times they are the result of a massive corporate scandal.

Frankfort, Ky.-based Commonwealth Credit Union, the largest of the three, has $929 million in assets. L&N Federal CU and Glendale Area Schools Federal CU have $786 million and $324 million in assets, respectively.

In her first extensive interview since becoming the lead Democrat on the House banking panel, Rep. Maxine Waters says she has learned a lot from watching former Rep. Barney Frank's leadership and will strive to emulate his example.

Bruce Stewart will lead the team in Boston and handle all Boston-related investment business.

The new program streamlines reporting for clients and provides them with more concrete action plans to help them achieve their financial goals.

PNC Financial Services Group will promote William Demchak to be its next chief executive, awarding him a long-expected inheritance from current CEO James Rohr.

Mary Justice joined the Private Client Reserve as the unit’s greater Seattle market leader from Marsh Inc.