Industry

HSBC in McLean, Va., has hired a longtime Citigroup executive to lead its U.S. branch network.

Dan Driscoll will oversee six advisors and will work closely with M&T Bank regional presidents in their respective markets.

HighTower has picked off $320 million New York-based Merrill Lynch team LCK Wealth Management for the partnership’s third addition in as many weeks.

Family business owners are more focused on sustaining their business’s longevity than on sustaining wealth across future generations, according to a new survey.

MBIA agreed to insure a $1.16 billion pool of mortgages without its employees reading a report the bond insurer now claims was altered to hide flaws in the loans, JPMorgan Chase’s lawyers told a judge.

An SEC advisory committee on Friday recommended that the commission appeal to Congress for authority to collect user fees from advisors to enhance its oversight of the RIA sector and enact rules to tighten regulation of broker-dealers.

UBS AG, the world’s biggest wealth manager, is targeting millionaire clients in oil-rich Nigeria and Angola as Swiss rival Credit Suisse Group AG withdraws from some African markets.

The firm appointed a former executive of Capital One Bank to a new position leading the firm’s private and escrow bankers and coordinating the activities of mortgage banking officers in the field.

Senior financial services executives said the industry needed to move more quickly to promote diversity and inclusion throughout the organization.

Dubai, which teetered on the brink of default in 2009, is cracking down on misconduct at its financial center to safeguard its position as a business hub.