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I think the growth prospects are terrific, Arnold said in his first interview since the company emerged from its quiet period. We have an overall demand for advice which tends to help this segment of the industry.
February 10 -
Alarm bells almost always sound when a key executive leaves a bank unexpectedly. And in the absence of a good explanation, they are likely to keep on ringing.
February 10 -
Given Atkins' popularity on Wall Street and high profile, questions turned to how the bank would manage the transition. Wells, however, appears to be in position to ignore them.
February 10 -
The New York-based company announced it hired Robert Glaser as part of its effort to expand in the greater Las Vegas region.
February 9 -
In December, fixed annuity production was relatively stable but variable sales continued on their upward trajectory, recording increases each month in the fourth quarter, according to the Kehrer-Jackson Monthly Bank Annuity Sales Survey.
February 9 -
A Financial Industry Regulatory Authority Panel ordered Citigroup to pay $6.4 million to a group of investors including investment banking executive D. Theodore Berghorst for municipal arbitrage trust fund losses.
February 9 -
Bridge Bancorp in Bridgehampton, N.Y., said Tuesday that it has agreed to buy Hamptons State Bank of Southampton, N.Y., for $6.3 million.
February 9 -
Wells Fargo CFO Howard Atkins has resigned for personal reasons, the bank announced late Tuesday. He was immediately succeeded by chief administrative officer Timothy Sloan.
February 9 -
The common refrain of needing to spend money to make money doesn't necessarily apply to social media marketing where time and enthusiasm can trump budget.
February 8 -
The Chicago-based company added three wealth advisors and a wealth strategist with previous experience from Wilmington Trust, U.S. Trust, JP Morgan Private Bank, Brown Brothers Harriman and Ernst & Young Personal Financial Services.
February 8 -
Some analysts believe Sterling should cultivate its specialty in commercial and industrial lending, where there is room aplenty to grow, rather than chase a potentially risky bank deal.
February 8 -
While banks are likely to object to proposed regulatory restrictions on executive pay, the plan unveiled Monday to discourage risky pay structures could have gone a lot farther.
February 8 -
Though many banks have reported financial improvements, their technology spending is still at a trickle. That's the message coming from major banking tech vendors, and it's likely to remain the case for the foreseeable future as banks grapple with credit problems and regulatory changes.
February 7 -
A small upside is emerging to the big losses banks have booked since 2008: They're starting to get some of that money back.
February 4 -
Despite an attempt in Dodd-Frank to preserve thrift institutions, a recent report on the elimination of the OTS is bolstering the view that the charter will exist in name only.
February 4 -
In the last two weeks of January, two failed banks did not garner a single bid. Though it is still early in the year to declare a trend, the two failures hint at tougher struggles to market banks on the brink and could mean higher costs for the Federal Deposit Insurance Corp.
February 3 -
International regulators worked hard, agreed in December to impose tough standards and then gave bankers eight years to meet them. But the reality is something much less concrete.
February 3 -
Unlike some of their peers, Wells Fargo, U.S. Bancorp and PNC Financial Services Group don't have to devote a hearty portion of their investor presentations these days to discuss ...
February 2 -
A new research report from Aite Group found that banks should look to provide better multi-channel offerings to compete with online brokerage firms for mass affluent clients.
February 1 -
Consumers "like" rock bands and clothing brands on Facebook. A loyalty rewards startup expects that they will also "like" their banks in exchange for discounts on purchases.
February 1
