Bank channel

BNY Mellon has hired a former Northern Trust wealth strategist to be senior director in the firm’s Naples, Fla., office, in response to growing business in the region.

“What we should probably do is go and split up investment banking from banking,” Weil, 79, said today in an interview on CNBC. “Have banks do something that’s not going to risk the taxpayer dollars, that’s not going to be too big to fail.”

RBS Citizens Financial Group has signed a referral agreement with brokerage Oppenheimer & Co., in a bid to boost its commercial lending to middle-market businesses.

Bank of America has hired more than 30 bankers in the greater Chicago area as part of a broader plan to beef up its services for small-business owners.

Some 95% of bankers say the potential for SME business is at least equal to that of any other opportunity.

The Milstein family's recent sale of Emigrant Bank's New York branches shows how banks can innovate when they don't answer to a wide shareholder base.

As banks try to raise revenue and improve their reputations, they are shaking up their relationships with the "mad men" of Wall Street, testing out new advertising to help refurbish their brands.

Poverty is the next big business in banking - but there are plenty of pitfalls before it becomes the next big success in banking.

New analysis from a nonpartisan group shows that JPMorgan officials accounted for 18% of all industry meetings with the Fed concerning Dodd-Frank implementation over the past two years, while JPMorgan accounted for 17% of all meetings with Treasury. Goldman Sachs, which also held hundreds of discussions with regulators, focused mainly on the CFTC.

Bank of America Corp., shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as losses in real estate narrowed and the company set aside less for bad loans.

The world’s largest international wealth management firms performed better than lower-tier firms on many fronts, including net new money and pre-tax profit growth.

Jim McMahon may have been a master at the Super Bowl Shuffle dance, but the former Chicago Bears quarterback apparently was less skilled as a bank director.

Provident New York Bancorp in Montebello, N.Y., has established a wealth management services division that will be led by of its top executives.

Citigroup's second-quarter income fell but was untainted by the scandals surrounding big rivals.

Citigroup reported second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and bonds.

After Wells Fargo reported record second-quarter profit on Friday, CFO Timothy Sloan explained why the bank is optimistic about mortgages, M&A and expenses.

Investment Centers of America beefs up its practice management program with newly created senior position.

Thomas P. Fay oversees a team of wealth professionals geared to high-net-worth investors in Southeast New England.

The pace of bank mergers slowed in the second quarter, but deal announcements still rose about 15% in the first half from a year earlier, according to SNL Financial.

Citigroup said it will show trading clients how the lender is managing their funds as regulators probe missing customer cash at MF Global Holdings Ltd. and Peregrine Financial Group Inc.