Bank channel

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.

“In a broader context, we expect wealth management to be a faster growing piece of the total bank and if you look at segmentation, the ultra-high-net-worth space is the fastest growing segment in wealth management,” said Mark Jordahl, the president of U.S. Bank Wealth Management.

BB&T became the latest bank to roll out a new mobile banking application, giving business and consumer customers the ability to check balances and pay bills from their Android-powered smartphones and tablet PCs.

"Capital at the bank has been extremely consistent quarter after quarter," Levan notes. But now with the parent company's equity position negative, time is running out on BankAtlantic.

Bank executives are sounding considerably less positive about Basel III than they did when global regulators announced final international capital and liquidity standards last year.

Given the stagnant revenue growth that even the strongest regionals reported in the first quarter, there is no indication that Synovus has missed out on much.

Stifel Nicolaus has now added 46 new offices since 2007 as it pushes for a greater presence in the Western U.S.

SunTrust Banks named William H. Rogers Jr. as president and CEO, answering a long-standing question over who would succeed James M. Wells 3rd as he neared retirement.

The chief executive of Huntington Bancshares Inc. on Wednesday predicted further expansion of interest income but cautioned that new regulations would limit fee income.

There are rumors the administration is working on a "package" and will present a slate of nominees for financial services jobs soon. Let's hope so. But what's taking so long?

Wells Fargo posted $3.2 billion in revenue for its wealth, brokerage and retirement business on Wednesday.