Bank channel

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.

Forty percent of banks surveyed by KMPG said that asset and wealth management would be essential to expand revenue over the next few years.

The new Emerging Markets Corporate Bond Fund invests in bonds issued by companies in more than 30 countries in Asia, Latin America, Europe, the Middle East and Africa.

Patrick J. Cappatt joined the team to help the firm attract new clients, families, endowments and foundations throughout the Pittsburgh region.

Citi has expanded its coverage of the investor servicing consultant community for asset managers with the appointment of Frederick Bailey as head of North America consultant relations.

Investors poured an estimated $4.2 billion into U.S.-listed exchange-traded funds and notes during the month of May, bringing total year-to-date inflows into exchange-traded products to $63.1 billion.

Former U.S. Senator Christopher Dodd weighed in on JPMorgan Chase's much-publicized trading loss Thursday, pointing to it as validation of the need for the landmark financial reform legislation he co-authored.

Mounting operational demands, the rapid pace of technology change and shifting investor dynamics are making it difficult to innovate.

Paul R. Turner joins Huntington Insurance as managing director of the Pittsburgh and West Virginia regions.

The investment bank FBR may put its asset-management business up for sale and, if it does, it is likely to draw significant interest from commercial banks.

Chief Executive John Stumpf said during an investor conference in New York Thursday that the bank is in the market to buy insurance companies.