Bank channel

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.

BOK Financial Corp. has acquired The Milestone Group, a Denver registered investment advisor. The acquisition enhances BOK's presence in Denver and brings its assets under management and administration across all its subsidiaries to nearly $50 billion, the company said in a statement. BOK has maintained a presence in Denver through its local bank brand, Colorado State Bank and Trust, a 100-year-old company. The acquisition will strengthen the Colorado bank's wealth management business. .

Add Citigroup to the list of banks crying foul at the way Nasdaq handled automated trading in the May 18 Facebook IPO.

Drew Brahos and Bruce Wetter will advise clients on portfolio management strategies and contribute to the team's investment research.

Big businesses' mixed feelings about their large bank partners are especially obvious when the conversation turns to proposed reforms of money-market funds, which corporate treasurers say could increase the power of "too big to fail" banks.

New tools to help bank advisors are getting top billing at LPL Financial's annual Focus Conference. But a key new hire to help in those efforts may not be announced officially until the three-day conference is over.

The gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010.

More than three in four advisors expect to continue selling variable annuities and allocate 11% of their assets under management toward these products, according to Cogent Research.

Norman Greenidge will be responsible for meeting the wealth management needs of professional athletes through Northern Trust's core services of financial planning, investment management, trust and estate planning and private banking.

Susan Pickering will lead a team of relationship managers for high-net-worth clients and retirement plan services for institutions.

Sandy Weill's call to break up the big banks by restoring the Depression Era law has sparked a backlash among some who argue it would not help prevent the next crisis.