Digit's decision to charge a monthly fee speaks to the challenge of making fintech profitable.

Large financial institutions will be challenged to keep up and stay focused on the rapidly changing robo advice world.

The board also canceled about $47 million of ex-community bank head Carrie Tolstedt’s stock options.

Alibaba's founder backs digital advice for China, where e-commerce giants already sell mutual funds.

On the same day, the OCC faulted the bank for engaging in an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years.

Wirehouse and regional advisers can help honor the industry's top leaders.

Drew Sievers says the adviser tech firm is ready to cover lost ground in the market and compete.

Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.

The bank will add "targeted talent that will play more of an advisory rather than transaction-oriented role," says SunTrust's CFO.

The bank's board is considering whether to withhold bonuses for CEO Tim Sloan and Chief Financial Officer John Shrewsberry.