Bank channel

U.S. Trust plans on hiring over 200 people in 2010 in order to expand its wealth management team.

Troubled debt restructurings are on the rise, and they're causing regulatory headaches for bankers worried about how to properly designate and disclose the modified loans.

The Senate voted Thursday evening to approve a historic financial regulatory reform bill that would make sweeping changes in how the financial system is regulated.

Many small banks haven’t yet taken out bank-owned life insurance on their key players, creating a sales opportunity for canny advisors.

For the last two decades Wells has thrived by combining rapid-fire acquisitions with an impressive ability to sell its retail customer base more products than other banks could. Now it is betting it can wring the same results out of commercial banking, and on a nationwide scale.

Royal Bank of Canada says it feels no added pressure to resume U.S. acquisitions despite aggressive moves by a major Canadian competitor.

Scott Barnes, now chairman of IPI, will expand the firm’s trust and consulting operations.

Financial institutions are sounding the alarm over an amendment to the Senate bill that many initially deemed harmless but now see as threatening a key source of capital: trust-preferred securities.

New distribution momentum in bank brokerages and other intermediary channels is a source of good news for T. Rowe, which has been successfully rebuilding its assets under management while it expands its presence overseas.

After spending more than a year and a half trying to launch the Municipal Infrastructure and Assurance Corp., executive vice president Richard ­Kolman Monday announced that he left the start-up bond insurer to join U.S. Bancorp, which is ­launching a muni underwriting business.

Toronto-Dominion Bank's announcement Monday that it plans to purchase South Financial Group Inc. is as notable for what it is not — a failed-bank deal with the Federal Deposit Insurance Corp. — as for what it is: an acquisition featuring key Treasury Department concessions on Troubled Asset Relief Program-related securities held by the target.

An uptick in product sales across the board seems to suggest investors are ready to reenter the market.

Better grades hinge on ethical conduct, not just products.

Observers say that the financial services company can thrive in a wirehouse-dominated market

Senate Banking Committee Chairman Chris Dodd took to the floor Thursday to beg his colleagues on both sides of the aisle to stop adding more amendments, warning the process is in danger of spinning out of control.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

Like it or not, and most large banks don't, the Volcker Rule to ban proprietary trading is now all but certain to be enacted in regulatory reform.

Though it was clear from the start that a Republican alternative on the consumer bureau was going to fail, GOP lawmakers dragged out the debate rather than allowing the measure to be voted on and moving on to some of the roughly 140 other amendments still to be considered.

The new program provides advisor coverage for B and C clients as well as recruitment gaps.

Community bankers are close to winning a key change to the Senate regulatory reform bill that would require the government to base deposit insurance rates on assets instead of domestic deposits.