Bank channel

JPMorgan Chase & Co. has tapped Irene Tse, a former managing director and portfolio manager from Duquesne Capital Management, to effectively replace the retiring Althea Duersten.

Vantis Life’s new recurring premium was up 22% to $2.7 million in 2010, up from $2.2 million, mainly through sales at banks, according to Craig Simms, the company’s senior vice president.

In taking a piecemeal approach to selling problem assets, First Midwest Bancorp Inc. seems to be pleasing only itself.

The absence of banking issues from the State of the Union speech was logical two years after the crisis, but the President's silence on areas still in turmoil disappointed lawmakers.

The number of banks has already been cut in half, and it's no stretch to imagine that total being halved again in coming years. The question for policymakers is does this matter? If it does, what should officials be doing today to prevent that tomorrow?

Community banks are still regaining their footing, but a little-known provision in the Dodd-Frank Act could help them find opportunities once they are ready to grow again.

Reliance Financial Corp. announced Tuesday that its subsidiary, Reliance Trust Co., bought Harrington Wealth Management Co. from Pacific Western Bank.

With regulators catching flak for taking too long to close "zombie" institutions, the failure of United Western Bank seemed atypically quick.

The Bank Insurance and Securities Association named James McNeil, formerly executive vice president and chief operating officer of BAI, a consultant in Chicago, as its new executive director.

Company takes a major step in the cross-marketing strategy that it has highlighted as a benefit in the Merrill acquisition.

Umpqua Bank wanted to offer trust services, but like many banks, it was wary of the expense of a major new initiative.

Regulators also closed banks in the Carolinas and Georgia in a busy night that also saw a shelf charter and a deposit insurance national bank utilized.

The latest nixed deal, between Florida Bank Group Inc. in Tampa and Anderen Financial Inc. in Palm Harbor, brought the issue to the fore when the companies said last week that regulators are hesitant to approve "expansionary" deals.

Absent from BofA chief Brian Moynihan's comments on his company's disappointing performance in 2010 was a convincing case that 2011 won't be yet another such year.

The Bank of America unit increased its total client assets 6% to $1.58 trillion as revenue rose 13% to $3.55 billion from a year earlier as the country’s second largest U.S. brokerage company added to its advisor force.

A surprising number of banks staved off an expected compression in net interest margins last earnings season. There won't be as many surprises this time around.

Bank-based advisors’ average production holds its ground, thanks to improving spreads on fixed annuities and stronger market conditions.

The FDIC is targeting directors and executives of another failed bank, but this time the agency has a guilty plea to back its claims of mismanagement.

U.S. Bancorp no longer plans to bide its time as competitors figure out how to recoup fee income regulated away by the Durbin amendment. Now it'll be piling on with everyone else.

Wells Fargo’s fourth quarter revenue rose to $3 billion for its wealth, brokerage and retirement business, a 15% gain compared to 2009.