Bank channel

FINRA barred a former bank advisor from the industry for attempting to swindle customers and fined and suspended two others for violating standards of commercial honor.

Fitch Ratings downgraded New Jersey's general obligation rating to A-plus from AA-minus on Thursday.

In the first quarter of 2014, the wealth management division of Bryn Mawr Trust generated $8.9 in revenue, up 6.7% year-over-year.

In the bank channel, fee business is still the exception, not the rule. Likewise, working in teams is not the norm.

Program managers are constantly juggling, trying to keep advisors and bank management happy. We've sliced and diced the data to present our annual Top 20.

Hugh "Skip" McGee isn't just the head of a British bank's Americas division. He is one of its most lavishly paid officials and the only former Lehman Brothers Holdings Inc. alumnus on the executive committee.

Noninterest income seemed to stabilize some during the first quarter, though smaller banks are still struggling to see meaningful increases in fees.

Banks will continue to seek new customer referrals from satisfied clients, but the larger opportunity rests with current customers.

Brokerage units carried the day for many bank wealth management businesses as their trust units languished.

Barclays said Hugh "Skip" McGee will step down as chief executive officer of its Americas unit, almost six years after the British bank bought the operation from the bankrupt Lehman Brothers Holdings.

Bank of America's discovery that it submitted incorrect information to the Federal Reserve Board during its recent stress test could undermine what has already become an overly complex exercise.

BofA CEO Brian T. Moynihan won permission last month for the firm's first dividend increase since the financial crisis. Now he's under pressure to salvage the payout after the company mistakenly inflated capital levels by about $4 billion.

Third-party broker-dealers increased the number of advisors they deploy by 1.5% and upped the number of financial institutions they serve by 2.6%.

The newly named exec is responsible for relationship management and business development for personal trust, investment management, and private banking in the New York area, Northern New Jersey and Boston.

Bigger banks have shifted their efforts to deposit growth in advance of proposed liquidity rules. As a result, community banks are seeing more opportunities to lend, particularly in commercial lines that were once the domain of larger lenders.

Barclays Chairman David Walker defended bonuses paid to investment bankers, saying the U.K.'s second-largest lender by assets needed to retain talent last year as U.S. competitors stepped up pay.

Two former brokers with U.S. Bancorp Investments and HSBC Securities were banned from the industry for trying to cheat their customers.

The world's securities firms are poised for 10 years of growth, according to Hans-Joerg Rudloff, the former chairman of that business at Barclays.

The number of credit unions offering investment services rose for the first time in five years, jumping 3% to 860 in 2013.

Employees are becoming increasingly engaged and more proactive in their financial planning, according to a new study.