Bank channel

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.

In a year that saw its share of challenges for insurance sales, banks still managed to generate record levels of fee income. Such income totaled $13.33 billion, up 7.9% from the 2009 total of $12.36 billion, according to the Michael White-Prudential Bank Insurance Fee Income Report.

A 20-year veteran of State Street, CEO Jay Hooley concluded that the custodial bank's business model did not have to fundamentally change — it just had to keep up with ...

When long-term interest rates ticked up late last year, it was widely believed that mortgage revenues would modestly decline in the first quarter. The drop was anything but modest.

WASHINGTON - UBS Financial Services, Inc has agreed to pay $160 million to settle securities fraud and other charges with the Securities and Exchange Commission, Internal Revenue Service and 25 state attorneys general over alleged fraudulent bidding practices and kickbacks involving muni investment and financial contracts.

A former UBS team including four financial advisors joins Morgan Stanley Smith Barney in New York, while a two-member Bank of America Merrill Lynch financial advisor team joins in Newport Beach, Calif.

The head of the American Bankers Association on Tuesday quickly reneged on his endorsement of Elizabeth Warren as director for the Consumer Financial Protection Bureau.

Thomas Phillips has been registered with Wells Fargo Advisors since April 29.

William McKenna is the latest of a series of additions to UBS’ advisor ranks, having become registered with the firm on April 28.

Ahead of its annual meeting Tuesday, Wells Fargo has urged shareholders to reject proposals that would split its top executive's duties and address possible conflicts of ...

With the return of premium valuations, weak loan demand, and new regulatory burdens, weary bankers are finding that the most appealing option is selling.