Bank channel

Sales of fixed annuities rose in recent months despite a negative spread with CDs.

Three more banks failed late Friday, at an estimated additional cost to the Federal Deposit Insurance Corp. of $285 million.

While big banks are having more success open new accounts, many new customers don’t plan on sticking around after they’ve received the promotional gift that lured them in.

While several critical regulatory reform issues remained in limbo late Wednesday, House and Senate conferees agreed to several key provisions, including one allowing banks to pay interest on business checking accounts.

Bank Investment Consultant and New York Life/MainStay Investments honor the nation’s top program managers in New York.

Wells Fargo is merging nearly $2.2 billion of Evergreen Investments municipal bond mutual funds into existing Wells funds as part of the bank’s purchase of Wachovia.

JPMorgan Chase's second major executive shuffle in less than a year said as much about how well the company thinks it has recovered from the financial crisis as it does about its CEO's management style.

House and Senate conferees were set Tuesday to deal national banks a setback, agreeing on final language that would make it harder for federal regulators to preempt state consumer protection laws.

JPMorgan Chase named a new chief financial officer Tuesday, part of an executive shuffle it said would help groom the company's future leaders.

Simply put, experts respond, what goes down must come up. Florida was one of the first states to feel the pain of the crisis, and most analysts and private-equity groups see a bottoming out in the real estate and banking markets happening there before it occurs in similarly troubled states such as Arizona, California and Nevada, or in most of the other states in the Southeast.

The conference committee made critical changes to the regulatory reform bill in its first substantive week of work, but the hardest decisions are still ahead.

On Friday, the New York-based company announced plans to acquire I(3)Wealth Advisors of Toronto, its first wealth management acquisition in Canada.

While April’s sales couldn’t compete with March’s rocketing success, quarterly fees buoyed overall performance.

After a heated debate, the regulatory reform conference committee agreed late Thursday to scale back a provision of the bill that would eliminate the use of trust-preferred securities as Tier 1 capital.

The Securities and Exchange Commission Wednesday accused the former owner of Taylor Bean & Whitaker with orchestrating a massive equity and MBS fraud tied to his firm's warehouse borrowings from Colonial Bank, a depository it tried to take control of last summer using Troubled Asset Relief Program (TARP) money.

Regulatory reform conferees tussled Wednesday over provisions that would allow the Government Accountability Office more power to audit the Federal Reserve Board, give shareholders a nonbinding vote on compensation and strengthen investor protections.

Brokers started streaming from wire houses a couple of years ago, and judging from the experience of Columbia State Bank in Tacoma, there are plenty still interested in leaving.

The Royal Bank of Canada, the country’s largest bank, plans to boost its presence in Europe by acquiring an investment banking boutique in London, according to a report in the Financial Times.

With the global debt crisis set to corral investment banking's bull run, it's questionable whether the largest lenders can compensate for a resultant decline in a top source of profits.

Lawmakers unexpectedly added an overhaul of the deposit insurance system to the final regulatory reform legislation on Tuesday, adding sweeping provisions that were not part of either the House or Senate revamp bills.