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Under existing rules, a bank with a 4 or 5 Camels rating cannot make such payments to parties terminating their affiliation with the institution.
October 15 -
Banks' biggest problems have officially moved to the top of their balance sheets. JPMorgan Chase sent that signal in reporting anemic revenue for the second straight quarter.
October 14 -
Federal Deposit Insurance Corp. Chairman Sheila Bair said Wednesday the growing robo-signing scandal was symptomatic of the poor incentives that marred the securitization market, but she opposed a universal freeze on foreclosures.
October 14 -
Bank brokerage trade group parts ways with its managing directors.
October 13 -
Year-over-year drops are precipitous, but Beacon Research predicts a brighter third quarter.
October 13 -
The company has added 300 advisers and brokers this year as assets under management in its three wealth management businesses increased.
October 13 -
Seeking to rebut concerns the Federal Deposit Insurance Corp. would use its new resolution powers over large firms to play favorites with creditors, the agency released a proposal Tuesday designed to severely limit who could receive extra relief in a failure.
October 13 -
Life insurance sales in banks have increased for the past five quarters, but sales practices suggest not everyone is riding that wave.
October 12 -
Citigroup has become the second fund administrator to implement a new technology platform specifically designed for servicing hedge funds-of-funds.
October 12 -
Bank of America CEO Brian Moynihan on Friday defended large banking companies, arguing they are needed to help multinational companies based here and the U.S. economy in general.
October 12 -
Three months after the regulatory reform bill ordered the OTS' elimination over the next year, efforts to bring the agency into the OCC fold have been plagued with bitterness, communication problems, unease on job placement and rampant conflicts.
October 12 -
The Omaha, Neb., broker-dealer retools its independent platform for the bank channel.
October 7 -
While annuity sales are down for the first half of the year overall, second-quarter sales go a long way to closing the gap.
October 7 -
All banks are under enormous pressure to grow, but amid the economic malaise, the nagging question is: What happens once you do?
October 7 -
The company announced it has completed its acquisition of BNP Paribas wealth management business in Panama and the Cayman Islands.
October 6 -
Community banks are slogging through the muck, making some progress toward recovery and relieved that things don't appear to be getting worse.
October 6 -
The new leader of BBVA's U.S. operations has already set a clear direction: countertrend. Manuel Sanchez was reluctant in an interview to display the appetite for acquisitions common among bankers these days, including his former boss.
October 6 -
Raymond Tate, formerly a Bank of America Merrill Lynch complex manager in Phoenix joined Wells Fargo Advisors Sept. 7 as a branch manager of its Oakland, Calif., office, according to recruitment firm Willis Consulting in Palo Verdes Estates, Calif.
October 4 -
Banks are trying to improve customer service by training branch staff and by removing the infrastructure roadblocks that can get in the way of employees trying to do their jobs.
October 4 -
Nearly three months after the Dodd-Frank law created the Financial Stability Oversight Council, its first official meeting Friday was not exactly auspicious.
October 4







