Bank channel

Lisle Savings Bank, with over $516 million in assets, joins more than 150 other banks and credit unions, and more than 1,100 representatives nationwide also supported by Invest, a subsidiary of the independent broker-dealer network National Planning Holdings.

The agreement will help the bank fill the service gap that was left after it sold its brokerage unit, Morgan Keegan, to Raymond James earlier this year.

With President Obama re-elected and Senate Democrats in the legislative driver's seat, the 2010 reform law is here to stay.

Great Southern Bancorp in Springfield, Mo., is bucking an industry trend toward fee-based lines of business in agreeing to sell its insurance and travel units.

Financial services companies that cater to advisors have a lot of room for improvement—especially insurance companies.

Bank of America Corp.’s commercial customers are already reacting to the “fiscal cliff” looming over the U.S. budget by putting off purchases, Chief Executive Officer Brian T. Moynihan said.

The bank holding company for the Bank of Oklahoma participated in one of the largest M&A deals in the third quarter, buying The Milestone Group, a wealth management firm with more than $1.3 million in assets under management.

Stifel Chief Executive Ronald Kruszewski and KBW CEO Thomas Michaud discuss how the two investment banks complement each other and give their outlook on bank M&A.

Even if a deal is negotiated to avoid the so-called fiscal cliff, there are concerns on how the solution will affect clients’ portfolios.

The New York-based technology services company promoted Tim Gokey to chief operating officer and hired Stephen Racioppo, a former executive at Accenture, as its chief revenue officer.

The elections mostly delivered the status quo, but raised a host of questions about how lawmakers will tackle the fiscal cliff, big bank breakups and housing finance reform.

“Last night’s speech showed that he knows that he needs the whole country engaged and to work with him,” BNY Mellon Investment Management CEO Curtis Arledge said of President Obama.

Advisors can calm clients who wanted a Romney victory.

U.S. bank has added two new professionals to its super-wealthy business and hired a former Morgan Stanley Smith Barney officer for its business serving high-net-worth clients.

Elizabeth Warren, the CFPB architect and frequent bank critic, was elected late Tuesday to the Senate, much to the dismay of the financial services industry.

Despite President Obama's victory Tuesday, the Democrats' financial policy agenda over the next two years will be far more about defending their past achievements than scoring new ones.

First Republic will integrate Luminous Capital Holdings into First Republic Investment Management.

The Pa.-based community bank generated $8 million in revenue from wealth management in the third quarter, up 31.1% from $6.1 million in the same period last year.

But the increase comes from the fact that more banks began reporting for the first time— an apples-to-apples comparison is not so rosy.

Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.