Bank channel

Northern Trust has appointed 12-year company veteran Laura G. Mandel president of the Northern Trust Co. of Delaware.

Businesses continue to deposit fund in banks as safety trumps yield as an investment priority. The move continues to cause bankers headaches as the funds weigh down balance sheet returns.

Provided it kept costs in line and has no bad surprises to announce Friday, Wells Fargo could steal some of the glow normally monopolized by JPMorgan Chase during earnings season.

Henry Michaels and Jerry Wiant of RBC Capital Markets give their outlook for deals and pricing, discuss why taking stock can still be a good thing for sellers and advise bank buyers to manage investor expectations.

Small Sacrifices app encourages customers to channel coffee and cigarette buying habits into savings goals.

An investment management firm now owned by Wells Fargo has agreed to pay $25 million to settle claims that it misled investors about the makeup of a mutual fund it once marketed.

The Occupy Wall Street movement brought a lot of negative attention to large banks, but it apparently didn't do much lasting damage to their reputations.

Bank holding companies raked in $118.4 billion in wealth management income in 2011, up 1.35% from $116.9 billion in 2010. The increase comes despite a lackluster fourth quarter, the industry’s weakest since the beginning of 2009.

Though bank deals have risen in Texas because of its robust economy and in California because of abundant capital, small Kansas banks are partnering because they worry about their viability as little guys.

Advisors who provide services to defined contribution plan sponsors can boost client loyalty through greater plan support and oversight, according to a study by Cogent Research.

Smartleaf software will let the bank offer third-party research to customers.

To bridge the gap between traditional retail service staff in the bank branches and the investment advisors, there needs to be a genuine all-for-one mentality.

Citigroup is growing its wealth management business with plans to hire 800 brokers and personal bankers over the next two years.

Ranking the top wirehouses and regional firms in the employee advisor channel.

Almost half of credit union customers referred family and friends, besting large banks, which had a 32% referral rate.

Persistent low rates, fierce competition and lackluster loan growth will prevent most community banks from reporting blow-out earnings growth in the second quarter. Much of the profit likely will come from purges of bad assets.

Citi has been awarded a contract renewal of its fund services to Victory Capital Management and to the Victory Funds.

Investment Professionals Inc. will provide investment and wealth management services to Eclipse Bank, a $135 million community bank based in Louisville, Kentucky.

A portfolio overlay system from Smartleaf will add customization and consistency to wealth management at People’s United Bank.

For bank reps looking to advance their careers, there’s no better news than a promotion or a job offer that’s too good to refuse. Here’s a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.