Bank channel

Mike Quimby will lead a team of more than 30 financial advisors and will help drive growth across the bank’s central region markets in six states.

Majority Leader Eric Cantor's stunning defeat in Virginia's Republican primary Tuesday evening could usher in a new political era for the House — one that's likely to leave its imprint on the banking industry.

The Holding family has held large stakes in several banks for years; two of those banks are finally merging as part of a $637 million deal.

The U.S. Supreme Court turned away a Wells Fargo unit’s bid for as much as $148 million in tax refunds, leaving intact an Internal Revenue Service victory in a corporate tax-shelter case.

Credit Suisse Group AG, Switzerland’s second-biggest bank, is considering selling additional stakes in an electronic interest-rates trading unit it set up last year, according to a person briefed on the plan.

The new platform is an extension of PNC’s Wealth Insight platform, which the bank rolled out to high-net-worth clients in 2011 to wide acclaim.

BNP Paribas SA’s settlement talks with the U.S. over sanctions violations have headed out of the ballpark, compared with previous punishments levied by the Obama administration in such cases.

The advisor was permanently barred last week for running what appears to be a Ponzi scheme.

The Labor Department is one regulator that hasn't immediately fallen into line to give Credit Suisse Group a pass following its May 19 guilty plea for helping Americans evade taxes.

After years of mastering the intricacies of investments and portfolios, many advisors still have a hard time really understanding clients. The broker-dealers in the bank channel are trying to help unlock those secrets.

Banks are still feeling negative effects from last year's sudden rise in medium- and long-term interest rates, but plenty of signs in the Federal Deposit Insurance Corp.'s latest industry update continue to point to a lending resurgence in the near future.

UBS Wealth Management Americas, an arm of Switzerland's largest bank, has joined the growing list of lenders in the United States gunning for mortgage volume through the wealth management channel.

Charles Gualano isn't competing against other banks and their advisors; or even some lower fee structure. More often, he’s working against investors' anxieties or misconceptions.

Community banks that are looking to complete acquisitions are deciding to go public so they have a stronger currency to offer potential sellers. However, recent IPOs have not performed as well as earlier ones.

JPMorgan Chase and Wells Fargo are retaining more high-quality, conforming mortgages that they would normally sell to Fannie Mae or Freddie Mac, raising concerns that the banks are adversely selecting the weakest loans for the government-sponsored enterprises.

Royal Bank of Canada, the first Canadian lender to report second-quarter results, posted profit that beat analysts’ estimates on record earnings from wealth management and a lift from trading.

City National Bank hired five wealth management pros in its private client group in California’s central coast region.

Two of the three brokers banned were registered with JP Morgan Securities. The other was with HSBC Securities.

Multibank holding companies that have long resisted consolidating their banks are finally giving in. The switch can offer a range of advantages beyond improved efficiency, but choosing the right moment for a consolidation — and making sure not to spook customers — can be tricky.

Democratic lawmakers on the Senate Banking Committee sounded off against bipartisan legislation to overhaul the mortgage finance system on Thursday, opposition that likely all but ruins the bill's chances of making it to the chamber floor this year.