Industry

Whether you are planning to sell your business to an outside party, thinking of implementing an internal succession plan to transfer ownership to the next generation, or considering the strategic acquisition of another wealth management firm, an understanding of the true drivers of valuation is critical.

Benton Reichenau will be responsible for all product management for banking, wealth planning, and investment management and trust across U.S. Bank Wealth Management’s three business lines.

John Quello and his son, Nathan, joined First Dakota National Bank from UBS Financial Services, where they produced more than $1.6 million in annual fees and commissions.

Puerto Rico came under increased pressure to issue bonds in coming months to prove it can still access capital, as Moody's Investors Service put $52 billion of the island's debt under review for a downgrade to junk status.

U.S. Bancorp has promoted P.W. Parker to vice chairman and chief risk officer, the Minneapolis company said Thursday.

Bank of America’s Merrill Lynch agreed to pay about $131 million to settle U.S. regulatory claims it failed to tell investors that hedge fund Magnetar Capital had a role in selecting assets for two 2006 mortgage-backed securities.

Schade replaces the San Francisco firm's co-founder and chief executive, Brodie Cobb, who suffered serious injuries in a bicycle accident last year.

Almost half of the advisors in a new FPA study say they don't have a retirement plan; even more fail on business and succession plans.

Former U.S. Senator Judd Gregg is stepping down as the head of Wall Street’s biggest lobbying group, according to people briefed on the discussions.

The enhanced site allows advisors to alter certain components of their profiles at will -- though not their disciplinary history.