Bank channel

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.

BNY Mellon hires two more pros in its Tampa office, which has seen double-digit growth since it opened in 2008.

Wells Fargo has named investment banking veteran Joseph Colianni head of banking of Abbot Downing, the company’s newly launched business catering to America’s wealthiest households.

Bank industry experts this week offered several suggestions for how Jamie Dimon should go about repairing JPMorgan Chase's reputation, after a London trader's bets lost the bank at least $2 billion.

For the week ended May 16, investors pulled an estimated $3.45 billion from U.S. stock mutual funds. That’s $1.10 billion more than they withdrew from the funds a week earlier.

Webster Bank is rolling out the welcome mat for the consumer it calls the “millionaire next door.”

State Street wants to bulk up in Europe and its chairman is telling investors that it is eyeing deals for the custody operations of the continent’s largest banks.

Advisors seeking to help older Americans prepare for retirement should remember to keep one tip in mind: avoid using the word “retirement.”

LPL has relationships with 680 banks and credit unions. Robert Comfort said in an interview that he expects to significantly increase LPL’s presence in the channel.

The big question following JPMorgan Chase & Co.'s now-notorious derivative trade is whether it would have been permitted under the so-called 'Volcker Rule.' But the answer is clear cut to an advocacy group that has led calls for regulatory restrictions after the 2008 crisis.

Indexed annuities were one bright spot in the market, hitting $8.1 billion in sales, up 14% from the year-ago period.