Bank channel

The 2008 crisis accelerated changes in how bank customers want to interact.

Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

Several banks are actively looking to expand in the Georgia capital, viewing it as a market that will inevitably rebound from its malaise of the past three years.

Mini-prime broker Lighthouse has notified its 22 hedge fund clients that they can no longer execute new orders.

Since Howard Hammond joined Fifth Third Securities four years ago as president and CEO, hiring new advisors and management and shifting to a full service relationship-driven advisory model has been his top priorities. And it’s paying off-performance has improved over the last 18 months, with total revenue up 35% in 2010 from 2009.

New rules curbing the amount of alternative investments banks can hold aren't the only thing driving private-equity spinoffs. Improving market conditions are also making it easier for investment professionals to strike out on their own.

Young, Stovall and Company lost Eileen Lamchick and Susan Rutrough to a Raymond James unit in Miami.

HSBC Holdings PLC's North American arm still isn't adding much to the company yet, but it has reduced its consumer finance losses to the point where it is no longer weighing down its parent.

Saving money is back in fashion, and banks are taking notice.

Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

In their first presentations to analysts after the financial reform bill passed, some bank executives treated the landmark legislation like any other facet of business, sandwiching relevant cost estimates between the usual slides on capital ratios and credit losses.

Over the past three months, BNY Mellon Asset Management has lost two executives to outside opportunities. The most recent departure is its Co-Interim Head Jon Little.

Moody's on Tuesday affirmed the long-term and short-term ratings of Bank of America, Citigroup, and Wells Fargo. At the same time, the rating agency changed its outlook on the banks to negative from stable.

JP Morgan Chase taps former wirehouse leader to refocus its branch-based brokers on clients’ untapped wealth.

Despite outflows from its U.S. wealth management unit, UBS AG reported stronger second quarter results Tuesday as outflows from its private bank continued to slow.

The legislation by Rep. Scott Garrett, R-N.J., would establish a regulatory framework for covered bonds, including a regime to handle the failure of a bond issuer.

Although Northeast Bancorp's insurance unit is eking out growth of 1% to 2%, the poor market means its plans for faster growth will have to wait.

Federal and state regulators shut seven banks late Friday, pushing the failure total this year to 103. Though the pace of failures briefly slowed earlier this month, it appears to be picking up momentum again, as Friday's failures followed six last week.

As federal regulators begin implementing regulatory reform, at least one agency plans to step up its disclosure of private meetings with industry insiders.

Wells Fargo's $3.1 billion of earnings in the second quarter handily outpaced analyst expectations, and its unchanged revenue outdid many of its peers' performance.