Bank channel

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.

Banks like BBVA Compass, USAA and ING are turning to a flurry of new social recruiting services to help them lure the best and brightest.

While neither Obama nor Romney favors a megabank breakup, delegates at both the GOP and Democratic conventions indicated broad bipartisan support.

Banks increasingly use a rolling-average model when setting compensation levels-factors beyond production also considered.

The branchless bank is combining retail banking, retirement and insurance services in its online banking site.

Shareholders of Wall Street banks who agree with former Citigroup Inc. Chief Executive Officer Sanford "Sandy" Weill that the companies should be broken up face an obstacle: bondholders.

Programs to strengthen bank liquidity, facilitate credit and buy mortgages were good moves, though it is hard to say how much worse things would have been in their absence, Federal Reserve Board Chairman Ben Bernanke said at the Jackson Hole summit.

In interviews at their convention in Tampa, Republican lawmakers downplayed the chances of a full repeal of Dodd-Frank, but instead said that reining in the new consumer agency and paring back derivatives rules would be goals in 2013.

Michael Mortensen, the former president and CEO of PNC Investments, will oversee Union Bank's brokerage operation and all the registered representatives.

A win for Morgan Stanley in a fight with Citigroup Inc. over the value of their brokerage joint venture could show the firm is playing a losing hand.

Delaware County Bank & Trust in Lewis Center, Ohio, is the latest bank to add private banking in an effort to court more high-net-worth customers.