Bank channel

Nine executives were recently tapped to lead wealth management and related investment services groups at several financial institutions, including Fifth Third, Huntington and J.P. Morgan Chase. Find out who they are and what their new roles entail.

The former Provident Bank wealth executive will be responsible for growing the U.S. wealth business and overseeing the development of the adviser program.

Mike Michael, an executive vice president and regional president, takes over the business from Philip McHugh, who now heads the consumer bank.

Read it straight from the horses' mouths: the biggest management challenges and business objectives from the Top 25 Program Managers.

Despite initial reservations, the advisers eventually viewed the cuts as the right thing to do in light of the industry's shift to a fiduciary standard of care.

"If there are opportunities that present themselves, we will take a look," said U.S. Bank CEO Andy Cecere.

We've sliced and diced our top bank advisers to list the banks and TPMs based on the number of our winners in their ranks.

The PricewaterhouseCoopers recruit will work with wealth management experts whose clients are looking for an investment bank to lead the sale of their business.

The rep argued that the money she received was not a loan but rather the proceeds from the sale of her tractor to the customer.

The acquisition of IPI will add about $8 billion to the independent broker-dealer.

First-quarter profits jumped almost 40% on $577 million in revenue.

The rep declined to provide the regulator with documents it needed to investigate allegations that she converted $13,000 for personal use.

While first-quarter revenue from insurance services fell 7.5% year-over-year, the overall wealth management business still managed to come out ahead.

The Buffalo-based institution generated $120 million in first-quarter revenue from trust services, up 8% year-over-year.

First-quarter revenue jumped 9% year-over-year even as the number of advisers fell by 10%.

The Houston-based institution will look to Raymond James to expand its investment offerings to clients throughout Texas and Oklahoma.