Bank channel

Recently the bank channel has been gaining traction, but some have avoided it altogether, potentially giving up revenue in favor of retaining top talent.

Temporary charter created for Utah-based Barnes

WASHINGTON — While much of the industry's attention is centered on congressional efforts to revamp financial services, a proposal from the Basel Committee on Banking Supervision also could significantly rewrite the rules of banking.

The banking company's fourth-quarter earnings quadrupled as it continued to see strong growth from its asset management business.

Sir Richard Branson's foray into U.K. financial services is gathering speed, but in this country, he needs a new driver.

Industry watchers' description of the plan to charge a 15-basis-point fee on net liabilities ranged from an annoying, yet manageable, cost to a misguided policy.

With it increasingly likely that a bipartisan reform bill in the Senate would not include an independent, powerful Consumer Financial Protection Agency, lawmakers are exploring alternatives.

After spending the second half of last year exchanging its long-term expansion plans for extra capital, Boston Private Financial Holdings Inc. announced it received approval from the Treasury Department to begin repaying the $154 million in outstanding Series C preferred stock that was issued to the Treasury as part of its Capital Purchase Program.

Tarp, TLGP recipients to pay 15 basis point fee

WASHINGTON — House Financial Services Committee Chairman Barney Frank laid out his near-term agenda Wednesday, including a Jan. 22 hearing on executive compensation at financial companies and a Feb. 3 hearing on why banks are not lending more.

WASHINGTON — The Financial Crisis Inquiry Commission's first public hearing on Wednesday gave the industry's top leaders an opportunity to express remorse for their role in the collapse of the financial markets but did little to enhance the public's understanding of the meltdown.

Wells Fargo & Co. executives will be cross-examined about their loan book next week in a way they haven't been in awhile.

Tarp, TLGP Recipients to Pay 15 Bpt Fee

Bank life insurance sales growth has far exceeded overall industry growth for the second quarter in a row.

In an effort to capitalize on what some have dubbed “the Year of the Roth,” Huntington Bancshares’ wealth management arm is planning a direct-mailing campaign for a targeted group of customers.

According to Grant Thornton LLP’s 17th Bank Executive Survey, which was conducted with Bank Director magazine, 82% of bank executives polled said that the number of people their bank employs will either increase or remain the same in the next six months.

Brian Moynihan reassigned several Bank of America Corp. executives Tuesday, less than a month after being named the chief executive.

Bankers will get one more credit-quality mulligan in the fourth-quarter earnings season kicking off this week — but expectations will rise afterward.

The Federal Deposit Insurance Corp. unveiled its plans Tuesday to tie bank compensation practices to premium assessments, but the agency's outside directors made it clear they oppose the idea.

The Securities and Exchange Commission announced Tuesday that it has filed new charges against Bank of America Corp. for failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote approving the acquisition of Merrill.