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With great wealth comes great responsibility. That’s the thinking of most American millionaires, according to a survey released today by PNC Wealth Management.

The proceeds will be used in areas that Jefferson National anticipates will translate into growth.

Citigroup announced that its Regional Consumer Banking division, which houses Citi Personal Wealth Management, posted net income of $1.45 billion on revenue of $8.2 billion. In the same period last year, net income was $1.3 billion on revenue of $8.1 billion.

Almost six in 10 millionaires believe they have an obligation to give back to their communities, unchanged from 2008, when the U.S. economy went into a tailspin, according to a PNC Wealth Management survey.

After a gloomy 2011, this year the outlook for regional banks seems better, according to S&P Capital IQ.

Mike Anderson has held a string of high-level positions at financial services firms, including president of Accutrade, a subsidiary of TD Ameritrade Holding, as well as TD Ameritrade itself.

The parent company of Wells Fargo Wealth Advisors said net income in its wealth management business jumped 65 percent, year over year. But assets under management fell, slightly.

In a new report, Aite Group offers a look at who is and isn’t buying life insurance, and for what reasons.

When broker-dealers give money to California school bond campaigns, it appears to be money well spent. A review of campaign finance records found a nearly perfect correlation between broker-dealer contributions to California school bond efforts in 2010 and their underwriting subsequent bond sales.

J.P. Morgan Chase said its net income fell 23% in the fourth quarter from a year ago, on an 18% drop in revenue.