Bank channel

Pinpointing the geographic epicenter of the crisis is not a simple task. Viewed one way, California and Florida top the list. Viewed another, Puerto Rico and Nevada rank highest.

“We’re at the epicenter of these two companies coming together,” says Laurie Krupa, who was named head of the banking unit of the Global Wealth & Investment Management operation late last year.

Iberiabank's agreement to buy Omni Bancshares would make it the Lafayette, La., bank's first deal in Louisiana in seven years and its first unassisted bank purchase since 2007.

Acquisition is expected to expand Northern Trust’s fund administration business in Ireland and adds exchange-traded fund administration services for European marketplace

For all the budget woes of state and local governments, banks see them as good clients. Most market experts say there are plenty of investment-grade municipalities to court.

A Florida retiree who gave her Wachovia broker a second chance "to do a better job" with her IRA investments has filed claim against Wells Fargo after suffering losses, again.

Four bank failures book-ended the country on Friday. Collectively, they had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million.

The former management of a Denver thrift is suing federal regulators over its seizure last month, saying the agencies closed it while it was still a viable institution and arguing it should be reopened.

Financial advisors at U.S. banks raked in an average of $27,809 in commission and fees in December, up modestly from an average of $27,418 in November thanks mainly to widening spreads between fixed annuities and certificate of deposit rates.

Nearly seven months after passing a bill that included a measure to limit interchange fees on debit cards, lawmakers on Thursday were expressing buyer's remorse.

The savings are part of a $500 million initiative to rationalize trading operations which could mean that as many as 3,000 people associated with JPMorgan Chase trading would lose their jobs or be redeployed inside the company.

Executives at two bailed-out lenders could earn the kind of big paychecks that are normally a no-no for banks that still owe the federal government.

The sudden departure this week of Deborah McWhinney raises concerning questions for brokers, advisors, customers and the firm's executive management team as it embarks on a search for her replacement and, more important, its strategy for the highly coveted mass-affluent market.

The additions would come as JPMorgan Chase looks to aggressively grow its network in Florida and California, said Charlie Scharf, the company's chief of retail financial services.

Deborah McWhinney, the head of Citigroup's flagging personal banking and wealth management group, is leaving her post after a tumultuous two-year run in which she attempted to makeover the nation's third-largest bank following the spin-off of its Smith Barney brokerage unit in 2009.

Some Bank of America customers saw other people's transaction details through online banking, a report said, but the company insisted that no fraudulent activity resulted.

There is little question that banks are in a better position than they were just a few short years ago. But is more capital, or even an awful lot of capital, enough capital?

Part of the reason for the surge in the first nine months of last year appears to be that brokers in the bank channel pushed harder for fee income as other fees came under pressure.

Some banking companies are chasing transformative acquisitions, but Wintrust Financial is perfectly comfortable growing block by block.

For the second year in a row, enforcement actions set a record, jumping 21% last year, to 2,724, an increase industry representatives attributed to a persistently heightened focus on capital and safety and soundness standards in the wake of the financial crisis.