Bank channel

Community banks reported investment program income of $110.1 million for the first quarter, up from 4.6% in '09's fourth quarter and a 12.6% jump from the first quarter of '09.

The FDIC chairman said the agency would soon publish an interim rule on its new resolution authority over systemically important banking companies and certain nonbanks.

Banks and thrifts had their best performance in almost three years during the second quarter, earning $21.6 billion, a 16% jump from a quarter earlier, the Federal Deposit Insurance Corp. said Tuesday.

A New York Federal District Court has “substantially denied” Bank of America Merrill Lynch’s motions to dismiss a September 2009 case filed by Ohio Attorney General Richard Cordray on behalf of five pension funds.

PNC is betting that its Virtual Wallet account, which has always focused on teaching consumers to be better savers, can also teach them to be better spenders.

As the Fed and OCC take over supervision of thrifts and their holding companies, savings and loans have grown increasingly scared about a possible crackdown on their business.

Eight months after calling off a deal to buy Royal Asian Bank, Edward Shin, the bank's CEO, is back with a new deal, crediting perseverance and a grassroots approach.

While it's clear that tighter rules for securitization are on their way, varying approaches to the issue by different agencies are making bankers and issuers uneasy.

Premiums in life insurance of all stripes was up across the board in the second quarter, but term life couldn’t keep pace with last year’s record run.

While some advisors complain a fiduciary standard would be an unnecessary compliance expense, others say being able to raise client expectations is a plus.

The securities industry regulator fined a Zions Bancorp unit $225,000 for failing to disclose a potential conflict of interest in online auctions for certificates of deposit.

California got a small taste of bank dealmaking Wednesday that didn't involve a failed or ailing institution.

As part of an ongoing spate of new hires over the past few months, Bank of America's U.S. Trust unit added eight wealth management executives to its team on Friday.

Indicators suggested bank-based advisors’ revenue would slip in June, but average production went up.

The Boston company said it was adding economic stress tests and investment performance heat maps to its risk analytics for institutional investors.

The Federal Reserve Board, the sole bank holding company regulator for decades, is about to experience a pretty new concept: a teammate.

The service, available to private bank clients, aims to help older people maintain their independence and quality of life.

The new municipal underwriting group at U.S. Bancorp Investments continues to expand its ranks, adding Leon Bijou as the group's in-house legal counsel last week and securing Bill Bingham to oversee fixed-rate trading this fall.

Although there were sharp disagreements at a Treasury Department conference Tuesday about what kind of role the government should take in the future of housing finance, one idea in particular seems to be gaining momentum: creating an insurance fund to back mortgage-backed securities. future-of-housing-finance

Raymond James Financial won the dismissal of a class-action lawsuit on Monday after the judge in the case said the complaint was too long and didn’t contain enough facts.