Bank channel

Unlike funds that target clean tech or alternative energy, the new ETF will focus on a broader universe of companies that have the goal of making money.

Fed Chairman Ben Bernanke suggested that the Volcker Rule to ban proprietary trading would have helped to prevent the $2 billion credit loss at JPMorgan.

Most banks have eliminated bonuses, but thanks to stock options a dozen top executives raked in seven figures last year, according to SNL.

Brandon Williams will focus on leading and expanding the TD Wealth business in the U.S. franchises as well as come up with new strategies and platforms to meet U.S. high net worth clients’ needs.

CUSO Financial Services has implemented broker-dealer services and back-office support for Pennsylvania-based TruMark Financial Credit Union.

J.P. Morgan Asset Management has launched a multi-asset unit headed by Seth Bernstein, who will oversee the new effort as Global Head of Asset Management Solutions, reporting to Mary Erdoes, CEO of J.P. Morgan Asset Management, according to an internal memo.

As Comptroller Curry discloses concerns about JPMorgan Chase's risk management, lawmakers continue their debates over agency funding, derivatives oversight and other issues of the reform effort.

After breezing through a Senate hearing last week, Jamie Dimon faced tough questions from members of both parties at a hearing before the House Financial Services Committee.

Jeffrey Mortimer will lead the firm’s investment strategy committee and play a lead role in communicating its insights on markets, investment dynamics and portfolio strategy.

Advisors are more committed than ever to helping clients with their retirement income planning but they still face a host of challenges.

Members of the House Financial Services Committee have a chance Tuesday to pose tougher questions about the JPMorgan trading losses than their Senate counterparts did.

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.

Industry veteran Tom Hamilton joined the team as a wealth strategist to serve clients in Western Pennsylvania, Ohio and greater Chicago.

Zions Bancorp is ramping up its wealth management business with the support of third-party marketing firm PrimeVest Financial Services.

Income annuity sales in the first quarter climbed almost 23% to $2.16 billion from $1.75 billion a year ago. Indexed annuities, meanwhile, increased nearly 9% hitting $8.16 billion.

LPL said the 18 participants, who collectively manage 159 bank advisors, in the inaugural class of its Sales Manager Coaching Program reported a 21% increase in gross dealer concessions 65% higher than those of LPL’s bank clients that did not participate in the program.

The U.S. economy is expected to grow a moderate 2.2% this year, though the financial flare-up in Europe and fiscal issues at home present ongoing downside risks.

In testimony before the Joint Economic Committee of Congress, the Fed chairman also highlights lawmakers' role in strengthening U.S. economy.

Advisors who want to position themselves for growth should set their sights on the next generation of investors who are poised to inherit unprecedented wealth.

Mutual funds managed to recover somewhat from the massive $4.9 billion outflow they endured mid May by posting the smallest weekly infusion so far this year.