Bank channel

BankUnited Inc. of Miami Lakes, Fla., is expanding into the New York market with a deal to acquire Herald National Bank for $71.4 million in cash and stock.

Mortgage lenders and consumer advocates have joined forces to urge regulators to ease up on proposed risk retention requirements, arguing they will result in a credit crunch.

Despite surging popularity of mobile banking, JPMorgan Chase still plans to open nearly 2,000 branches over the next five years because they're profitable and customers still want them.

Annuity products, both fixed and variable, had a good run in the bank channel during the first quarter of 2011.

In the wake of the economic tsunami, banks are reassessing their business models to see what fits and what doesn't in this new era.

Bank of America Corp. will pay $20 million and Morgan Stanley $2.35 million for improperly foreclosing on members of the military — some of whom were on active duty in Iraq and Afghanistan — under a settlement with the Justice Department.

FDIC's Sheila Bair spent one of her last congressional hearings trying to convince skeptical Republicans that "too big to fail" has finally been eliminated.

With subprime making a comeback in the auto lending sector, many experts are wondering if it is only a matter of time before the financial industry reverts to the fervid lending of yore.

New ABA chief Frank Keating is a delegator who relishes political networking. In other words, he's nothing like Ed Yingling, the group's former CEO, who could pretty much do ...

For a growing group of acquisition-minded community banks, fee-based businesses are looking like a more attractive way to bolster revenue than are traditional bank deals.

Despite assertions they got off easy in Dodd-Frank, foreign banks operating in the U.S. are increasingly worried they will be targeted by some of the law's toughest provisions.

Two big-bank executives said that unless Congress delays Dodd-Frank's cap on debit interchange fees, they are ready with options for new consumer and merchant fees.

Given the rocky results of past couplings, rival brokerages and observers will be closely watching Sterne Agee & Leach's acquisition of an unidentified bank.

Credit unions and small banks can offer the same high level of investment products and services as other institutions, with the right type of program in place. Helping them do that is Valorie Seyfert, who notes that recent concerns about the credibility of larger institutions “has opened up the opportunity for banks and credit unions – because they do have a loyal following – to step in and fill a gap.”

Barclays Wealth announced on Wednesday that it hired five new Investment Representatives in its Philadelphia, Chicago and Atlanta offices.

Reputation, in recent years an albatross for the financial sector as a whole, is starting to look more like a point of differentiation.

Ameriprise Financial announced in April that it would sell the unit.

In general, big banks are restructuring their executives' compensation to put more emphasis on stock or cash awards that depend on how well the company does over 3 to 5 years.

Two weeks after First Niagara Financial Group in Buffalo announced it is adding hundreds of jobs in western New York, the CEO of M&T Bank said his company expects to create 133 new jobs ...

Citigroup Inc.'s board has approved a retention-award plan for Chief Executive Vikram Pandit that could be worth tens of million of dollars.