Bank channel

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.

While it's true that some community banks struggle to remain solvent, others are thriving. Several factors contribute to this industry's optimism.

By 2014, U.S. retail banks should see revenue from their wealth management units hit more than $80 billion, according to consulting firm Booz & Co. Unfortunately, banks haven't exploited this opportunity too well.

The industry lurking in the background of bank brokerage, the third-party marketers, is undergoing a sea change. Who will come out ahead?

Private bank clients are more income-focused. How can advisors help them preserve capital across generations?

The new feature will allow Putnam 401(k) plan sponsors to provide their participants with a customized estimate of future health care costs.

Bank of America’s Merrill Edge program has added a new service to help families with special needs children.

A majority of financial advisors expect President Barack Obama to win the 2012 election even though they are rooting for Mitt Romney, according to an SEI Quick Poll.

Financial behemoth names new heads for Citigold Wealth Management and Citi Personal Wealth Management units.

Anticipated demand for personal trust services has prompted National Financial — the clearing and custody business of Fidelity Investments — to incorporate personal trust services into its broker workstation used by nearly 280 broker-dealer firms.

The new services will include organizational tools to help family members organize vital information, paper files, electronic records and digital passwords.