Bank channel

After being named head of the Financial Services Roundtable on Thursday, former Minnesota Gov. Tim Pawlenty laid out his agenda for the trade group, saying banks need to do more to police themselves.

CEO John Stumpf offered candid views on monetary policy, the housing crisis, capital rules and even consumer protection during a panel discussion late Wednesday.

As PenFed moves investment program back to former third-party marketer CFS, it sets sights on previous AUM mark of $250 million.

Bank of America may be preparing to slash about 6% of its work force by the end of this year as part of an ongoing series of streamlining measures.

In an effort to bolster its recruiting with financial institution, Securities America announced Thursday it has hired William J. Lavender as regional director of financial institutions.

The mass affluent represent an ample opportunity for retail banks if they can figure out how to reach them, a new report from HNW, Inc. finds.

Wintrust Financial Corp. plans to acquire HPK Financial Corp., the parent company of Hyde Park Bank and Trust Co.

Scott & Stringfellow is looking to leverage its role as the brokerage for BB&T to help build out new offices in Florida and Maryland.

The $94 billion-asset bank holding company said Wednesday it expects to add 400 jobs at its fund administration operation in Limerick, Ireland by 2017.

A greater number of Americans believe that their personal finances and the economy are in better shape than they were a year ago, according to a new survey from a unit of JPMorgan Chase.

The FDIC is trying to help bankers prep for exams and more clearly understand the results as part of a broader effort at improving relations, Martin Gruenberg, the agency's acting Chairman, said.

Citigroup Inc.'s $4.7 billion pretax writedown of its Morgan Stanley Smith Barney stake probably won't reduce a profit-sharing plan's award for Chief Executive Officer Vikram Pandit that could total $24 million.

Sallie L. Krawcheck, who ran wealth-management divisions at Bank of America Corp. and Citigroup Inc., said risks at complex financial firms could be better managed by giving executives part of their pay in bonds.

Technology was one of the main reasons Nova Bank chose Sorrento Pacific Financial

Regions has retooled its wealth management operations, an effort that was partly spurred by the company's sale of Morgan Keegan earlier this year.

Looking to bolster its wealth management division, the bank has tapped Steve Sokic to lead the ultra-high net worth, trust, fiduciary and tax divisions.

Streamlining and cross-selling initiatives are aimed at creating a simpler company that is more in touch with its customers, Thompson tells investors at Barclays conference.

Bank advisors often say the biggest benefit of this channel is the constant stream of potential clients-but are they really leveraging that?

Forrester's new digital sales rakings laud the performance of Wells Fargo, Citigroup and Capital One, and say the new frontier of web sales calls for improvements in merchandising and onboarding.

If President Obama wins reelection, Democrats are likely to stay on the defensive over Dodd-Frank while trying to grapple with the reform of Fannie and Freddie.