Bank channel

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.

Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.

Letting the numbers speak for themselves, Bank of America's sent a message to anyone still disgruntled over its $29.1B purchase of Merrill Lynch. The message? "I told you so."

While we spend most of the year covering the advisors in our space, we set aside one issue to pay attention to the bosses. And in reading about their concerns, you'll get a dose not only of market woes and customer service issues, but of management strategy as well.

Cross selling is really important, but most banks still aren’t doing it very well.

For banks looking to sell nonperforming assets, pricing realities are not ideal. But they have become increasingly tolerable.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.

Acquisition of Talon Asset Management gives BNY Mellon Wealth Management access to third largest U.S. wealth market.

Even the most useful banking apps won't get as much play as Angry Birds. But bankers can learn from popular games and use similar technology as part of their customer interactions.

Fed Chairman Ben Bernanke broke with tradition on Wednesday, offering a rare glimpse into how the central bank conducts monetary policy, a process usually kept secret.

A Supreme Court decision limiting class-action lawsuits was a win for banks and other corporations on Wednesday, but the victory may prove to be short-lived.