Bank channel

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.

Myriam Soto and Douglas Schaenen will serve in new managing director roles, working to help expand BNY Mellon’s international wealth management business.

Of the 49 bank holding companies involved in credit insurance underwriting, reinsurance or both in 2010, 35 experienced declines, according to Michael White, president of the Radnor, Pa.-based research firm.

Capital One Financial President Lynn Carter is stepping down at the end of the year, according to a filing with the Securities and Exchange Commission Tuesday.

Top officials at the FHFA have watched with alarm as the level of the Federal Home Loan banks' investments has surged, sometimes surpassing the level of their advances.

Northern Trust will acquire Omnium, which has about $30 billion of hedge fund assets under its administration and $40 billion from other financial institutions.

Mounting pressure to cut costs has big banks weighing whether to take a scalpel to marketing and advertising expenses like they did during the crisis of 2009.

Wells bought H.D. Vest for about $128 million about 10 years ago. The San Francisco-based financial services company is hoping to attract a bid of more than $200 million for the businesses.

Nearly 150 hand-picked and already highly successful Bank of America Merrill Lynch financial advisors next month will embark on what amounts to retirement training boot camp at The Retirement Advisor University (TRAU) in pursuit of a Certified 401(k) Professional designation to further their defined-contributions expertise and differentiate themselves from other DC practitioners.

New research by Novantas LLC, Forrester Research and others adds weight to an idea being kicked around in the industry: that mobile may have its limits as a way to entice tech-savvy customers, reduce branch use and cut costs.

Community banks’ investment programs are not yet back to their pre-financial-crisis levels of success, but the numbers confirm that 2010 was a step in the right direction.