Bank channel

The lone failure over the last three weeks may have offered a respite from the usual series of collapses on Friday nights, but most observers caution against predictions that bank closures may be slowing.

July revenues could have been better than they were, Kehrer-LIMRA’s Stathis says.

The heads of JPMorgan Chase & Co., Bank of America Corp., PNC Financial Services Group Inc. and other banking companies said added fees, investments in businesses unrelated to lending and smaller client bases will offset the toll of reform expenses and tepid lending.

Senate Democrats largely supported the idea of appointing Elizabeth Warren as the temporary head of the Consumer Financial Protection Bureau, with one key exception — Banking Committee Chairman Chris Dodd — who joined Republicans in arguing such a move would be a "mistake."

The service leverages Citi’s existing services for traditional mutual funds and their investment advisors.

New core processing systems are helping a growing number of banks achieve a longtime goal: a comprehensive view of their customers.

Provident Bank's wealth management group is betting that wealthy people are fed up with being nickel-and-dimed by their banks.

Last week's move adding retail banking and asset management to the list of areas overseen by Bill Demchak cemented his status as heir apparent to PNC chief James Rohr.

Consumers rated JPMorgan Chase, Wells Fargo and Bank of America as the most reputable in a group of 69 banks, a survey by Market Force Information Inc. found.

Last year was a dud, but year-to-date figures suggest that bank programs are turning things around.

Low interest rates on CDs mean traditional fixed-term assets are in motion.

While Union Bank of California is having a good year in terms of brokerage revenues, it isn’t having much luck holding onto sales managers, according to sources.

The initiative by the Toronto-based company is designed to create a fourth business line as part of its strategy to develop a strong fee-based business for managing assets.

The creator of the highest daily value rider saw bank sales shoot up by 144% year-over-year in the second quarter.

Though Democrats scored a big political victory in passing regulatory reform, many are already paying for it as the financial services industry directs more of its contributions toward Republicans and moderates who tried to pare back the revamp.

Things look up for the bank channel after a challenging few years.

At a hearing on "too big to fail" institutions, commissioners questioned if the new systemic risk council would have the political will to break up risky firms and raised concerns about "living wills."

Fixed annuities, which experienced a sales boom last year in banks, stem the bleeding, while variable annuities finally start trending upward, Kehrer-Limra says.

Roughly two years after its near collapse, critical questions about the fall of Wachovia remain unanswered

Members of the Financial Crisis Inquiry Commission sought to overturn the conventional wisdom that Wells Fargo's purchase of Wachovia was done without government assistance.