Bank channel

As regulators try to collaborate on new securitization rules, a fissure has emerged in bankers' own thinking on the subject.

Currently wirehouse market share is at 56% of total fee-based managed account assets, but Cerulli predicts managed account market share for wirehouses will tumble to 50% by 2014.

Munder Capital Management announced yesterday that it plans to complete its acquisition of Integrity Asset Management (IAM), a Louisville, Ky.-based firm focused on the advisement of institutional assets, by the end of the calendar year.

An Aite Group study shows BofA Merrill Lynch is actively finding fixes to issues with its split-level brokerage model.

According to the Women at the Top Study, women hold 91 out of 523, or 17.4%, of positions at the top 50 banks in the nation, and only eight women hold C-level positions (three are chief operating officers, four are chief financial officers and one is a chief administrative officer).

In a sign that the banking business is bouncing off the bottom of the economic trough, the Federal Deposit Insurance Corp. is ready to start insuring new charters.

The Chicago-based financial services company bought Waterline Partners LLC, a Los Angeles investment advisory firm serving affluent individuals and families.

Now that the deal for Reams has been completed, Kansas City, Mo., based Scout has $19.8 billion in assets under management.

James Hertz, a former vice president and marketer in JPMorgan’s municipal derivatives group, pleaded guilty Tuesday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contracts and other municipal finance agreements, the Justice Department announced.

State Street said it will cut 5% of its work force, as it accelerates its investment in new technologies such as "private processing clouds."

To quell doubts about its mortgage unit's handling of documents, Bank of America Corp. is distancing itself from … itself.

The best online experiences employ a kind of magic — and one of the Web's leading conjurors says banks can learn the tricks.conjurors

Four years after it began charging risk-based premiums, the Federal Deposit Insurance Corp. is set to revamp them again for the largest institutions.

Brett Rabatin, an analyst with Sterne, Agee & Leach Inc., said the $500 million recapitalization of Sterling Financial in August should have put growth-minded banks on alert: Opportunities to buy big failed banks through the Federal Deposit Insurance Corp. are now few and far between.

A spate of enforcement actions and big penalties this year for violations of anti-money-laundering rules has served as a stark reminder of the government's compliance priorities.

An increase in community bank acquisitions is expected in 2011, and a multitude of factors could inform the ultimate decision to sell.

The inclusion of one word in the Dodd-Frank law is raising concerns among bankers that it will lead to a ban on certain financial products or services.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital to buy small, clean Texas banks with the goal of rebuilding the size business he lost when Birmingham, Ala.-based Colonial failed in August 2009.

Wells Fargo & Co. has agreed to pay Citigroup Inc. $100 million to settle a lawsuit over Wells' acquisition of Wachovia Corp., the two companies said Friday.

Despite tough talk from regulators that they are cracking down on mortgage servicers that do not follow modification guidelines, the agencies have so far done little to nothing to punish firms.