Bank channel

Union Bank’s licensed retail banker staff should double this year, to about 200, and increase to 325 within three years.

On a day when many at the Citi financial confab told of their quest to deploy mounting capital in the United States, their host had a simple message: See you later.

Canadian banking companies are emerging from the global economic crisis stronger than many U.S. counterparts. While the U.S. operations of many of those companies continue to struggle, Royal Bank of Canada, Bank of Montreal and Toronto-Dominion Bank are seen as likely buyers of that banks fail here.

But credit quality is stabilizing, boosting capital and profits

After years out of the spotlight due to the financial crisis, anti-money-laundering issues returned to Capitol Hill on Wednesday as lawmakers raised renewed concerns about the supervision of money-services businesses.

A total of four sessions at the conference were focused on regulations and fiduciary responsibility and speculation swirled about who would be affected and how.

Senate Banking Committee Chairman Chris Dodd said Tuesday that he continues to hope for a strong bipartisan regulatory reform bill, but he offered no fresh details on developments in negotiations.

Tarp warrants could spawn a new source of funds for banks

Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.

Guaranteed living benefits may now be synonymous with variable annuities, but unless insurers rein in costs and restore benefits, sales may continue to slide.

The company launched an FDIC-insured, high-yield online savings accounts and certificates of deposit.

House Financial Services Chairman Barney Frank urged four of the nation's top banks to adopt principal writedowns on second-lien mortgages to allow borrowers to keep their homes.

Low price-to-book values reflect doubts on accounting, risks

The organization didn't announce a Lifetime Award Winner this year.

The deal would make the banking company the second largest asset servicing provider in Germany

Advisors are slow to take advantage of their recurring-revenue opportunities.

FDIC creates temporary bank for Waterfield

Like many community banking companies striving to protect capital against a rising tide of problem assets, Integra Bank Corp. in Evansville, Ind., is making some tough choices.

The Independent Community Bankers of America sent a letter Thursday to top Senate Banking Committee leaders raising concerns about rumored plans to name the Treasury Secretary as head of a proposed systemic risk council.

Just over a year after the height of the financial crisis, Citigroup Inc. is a fundamentally different company than it was when it needed billions to stave off a collapse.