Bank channel

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.

At Deutsche Bank Private Wealth Management’s Capital Market Outlook breakfast in New York City on Wednesday, Larry Adam announced a positive outlook for equities, anticipating that the S&P 500 would reach 1400 by the end of 2011. The only thing that could derail Adam’s positive outlook would be a lack of confidence.

Net income declined to $157.1 million, or 64 cents a share, from $200.3 million, or 82 cents a share, a year earlier. It missed analyst estimates by seven cents.

Boosted by a pair of acquisitions last year, Bank of New York Mellon Corp. reported Wednesday that fourth quarter earnings rose 10%.

The 84% decline was caused by a repositioning of the investment portfolio and a restructuring charge, which included 1,400 in layoffs and real estate consolidation.

With immediate threats to survivability in the rearview mirror and capital ratios at a comfortable level, Citigroup is finding that earnings-per-share performance matters again.

Executives at Comerica have highly valued Texas expansion for a long time — maybe too much in some eyes, after its big deal announcement Tuesday.

BNY Mellon Wealth Management announced on Tuesday that it will now offer its private banking clients Cash Management Access Accounts that will allow them to manage banking and self-directed investments in one place.

For the first time in years, there is some optimism about community banks' results ahead of the quarterly reporting season.

Banks are still juggling how best to use social media to communicate to customers — especially when other systems go down.

The six-year-old firm picks up another three businesses to expand its national business.