Bank channel

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.

Digital wallet services are being promoted, in part, on the strength of the card brands behind them. But data shows that consumers do not place that much trust in the name on their card.

The acquisition expands the presence of SunTrust's Private Wealth Management division in Los Angeles and Atlanta; adds offices in Greenwich, Boca Raton and San Francisco; and builds on its practice with wealthy athletes, musicians, motorsports and film practices.

The FDIC may soon have another option for resolving failed banks whose assets include farm loans. Traditional banks are not welcoming the expected change.

Citigroup has hired Doug Baird, a Bank of America executive, as chairman of equity capital markets for the Americas.

With the crisis squarely in the rearview mirror, but near-term growth prospects dim, banks are looking for how best to position themselves for the future.

While Shelby has every right to seek changes to laws that don't work, he should give Dodd-Frank and the Consumer Financial Protection Bureau a chance before trying to crush them.

It takes special circumstances for one bank to foreclose on another. A rarity in the industry, but such an event took place this year, leading to last month's sale of Generations Bank to National Bancorp Holdings Inc.

Banks have vowed to cut costs, find efficiencies and tighten belts. But they haven't yet tipped their hands as to how.

Timothy W. McNamara has been registered with UBS’ Williamsville, N.Y. office since April 28.

Banks need to be prepared to show documentation of their processes as standards change under the Dodd-Frank legislation, a panel of financial industry experts said on Wednesday.