Bank channel

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.

Insurers may learn from how banks are addressing the fallout from the Epsilon data breach.

An analysis of local deposit share reveals which regional banking companies have the strongest positions across the markets in which they operate.

For other banks, the trouble lies in what wasn't in JPMorgan Chase's numbers: Growth in fees and loan interest. Only the investment bank posted higher revenue.

The banking company’s results grew for its investment bank and other businesses, while mortgage-related losses are expected to continue.

A FINRA arbitration panel has ordered Citigroup Global Markets to pay $54 million in compensatory and punitive damages to investors in its municipal arbitrage trust funds.

The Global Transaction Services unit of Citigroup Tuesday rolled out OTC Derivatives Service, which consolidates and streamlines the confirmation, settlement, valuation, collateral management, and margin management involved after a trade is executed. The system handles both middle- and back-office functions.

Questions about M&A are likely to dominate first-quarter conference calls among regional banks in the coming weeks. But beyond the standard "we're open to opportunities" line from ...

Following the extended failure wave and deficit in federal reserves, the Federal Deposit Insurance Corp. sounded decidedly more hopeful Tuesday about its future.

G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp in High Point, N.C.

Integra Bank Corp. of Evansville, Ind., announced it has agreed to sell its wealth management arm to another Evansville bank, Old National Bancorp.