Bank channel

Federal prosecutor Loretta Lynch may soon replace Attorney General Eric Holder, leaving bankers wondering whether she will be tougher on institutions than her predecessor.

Prime brokerage clients (read hedge funds) are the latest kind of customer being cut loose by banks as they curtail business with parties deemed high risk. Other banks are being careful about the castoffs they recruit, and nonbank brokers are on the rise.

Deutsche Asset & Wealth Management announces that it has recruited three private bankers from Citigroup and Credit Suisse.

Banks on opposite coasts — Sterling Bancorp in New York and Banner in Washington — are joining the list of institutions teetering on the $10 billion-asset threshold where a slew of new regulation kicks in. The banks' CEOs said they were finally able to peg the expected costs of reaching that size.

Banks are not closing branches fast enough to keep up with the exodus to online banking. The percentage of branches with low transaction volume is on the rise, according to a new study. Bankers say they are on the case, but there are obstacles to simply hanging a "closed" sign on the front door.

Bank holding companies generated $3.07 billion in insurance brokerage fee income in the first half of 2014, down 8.9% year-over-year.

Bank of America cut third- quarter earnings by $400 million, wiping out the surprise profit it reported last month, as the firm braced for the end of probes into foreign-exchange dealings.

Female small business owners were more likely than men to view their financial advisors as important in managing, growing and protecting their assets.

Bank holding companies raked in $1.81 billion in annuity sales in the first half of 2014, up 11.5% year-over-year.

Sen. Richard Shelby is expected to become chairman of the Senate Banking Committee next year after Republicans seized enough seats to take control of the chamber. But the Alabama Republican will face a time-crunch to get his agenda through.

Its mass-affluent offering has attracted thousands of clients, 70% of which came from outside the bank.

Deutsche Asset & Wealth Management grabbed a financial advisor from rival Barclays.

The Denver-based association announced Friday that it has grown in 2014 to more than 10,000 members and certificates worldwide.

The Financial Services Information Sharing and Analysis Center is calling attention to the security risks and potential fixes to a common practice: consumers handing over online banking credentials to financial advice sites.

Longtime recruiters in the advisory industry have been pointing toward a day of reckoning for years—and it couldn’t have come at a worse time.

Keith Banks, president of U.S. Trust, is searching for new talent in a unique place: within his own firm.

In an exclusive set of interviews with On Wall Street, the industry's leading executives talk about how clients' needs are changing, technology is evolving and how firms can keep growing the bottom line.

Deutsche Asset & Wealth Management spells out its plans to serve wealthy clients with complex needs and demands.

Banks have begun to tackle the impending advisor shortage, but many still haven’t turned talk into action. Here are a few ways they can.

Policymakers are closing in on developing rules key to ensuring the ability of the government to take over failing behemoths, but the ultimate success of their plan may depend on how fast regulators can act.