Bank channel

“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.

According to the FINRA survey, in addition to these worries, fewer than half of current retirees said they were working with a financial professional to handle their retirement assets. Only one in five reported having a written plan for retirement.

Last year, total annuity sales through banks declined 25% from the prior year, which itself was down 18% from the year before that, according to Kehrer-LIMRA. Yet newly release data from the Michael White-ABIA Bank Annuity Fee Income Report shows that income from annuities was down just 1.8%.

Richard Davis, the top executive at U.S. Bancorp, said he has no intention of making customers feel as though they, or their debit relationships, are being held hostage.

A decade after its launch, Bank of America Merrill Lynch's 401(k) platform for small businesses is approaching 1 million participants — and it's expanding beyond its signature 401(k) focus.

Two straight quarters in the black is not good enough for Grayson Hall, the chief executive of Regions Financial Corp., to proclaim "mission accomplished."

Implementation of Basel III remains years away, but Citigroup is wasting little time in unloading assets that will look a lot less attractive under the new regulatory framework.

Citigroup announced Monday its first quarter profits declined, but lending problems eased as the New York-based banking company continued to recover from the housing crisis.

Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.

Complete coverage of these managers and their programs will be available in the magazine’s upcoming May issue, and an awards ceremony will be held May 17 at Bobby Van’s Steakhouse in New York.

Armed with stronger deposit growth, higher fee-based income and lower credit costs, BofA’s global wealth and investment management net income increased 22% from a year earlier. Revenue rose 11% to $4.5 billion.