Across the country, banks of all sizes are investing in the wealth business as a way to deepen customer relationships, capture recurring revenues and tap into a massive transfer of wealth from baby boomers to Generation X and millennials. A lot of money is up for grabs, but maybe not enough to go around.

R. David Yost and his soon-to-be-former son-in-law are slugging it out in court over allegations of tax evasion.

As the K-shaped recovery continues, wealthy clients are calling their private bankers to see if they should borrow against their art or buy a fourth home.

While the bank’s second-quarter earnings disappointed, wealth management services, driven by Merrill Lynch, were a bright spot.

Other banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, have yet to resume giving to federal candidates or committees.

U.S. retail customers who said their primary bank met their needs for guidance gave it much higher grades, according to J.D. Power’s annual survey.

A state treasurer’s program in collaboration with the Ford Foundation has attracted 18 firms including UBS, BlackRock, Morgan Stanley, Citi and Goldman Sachs.

Online and mobile banking traffic at Bank of America soared in the last year, including a 60% spike in the use of its virtual assistant Erica. David Tyrie, the company's head of digital, wants to keep driving adoption by pitching financial planning tools to millennials and Gen Z.

The bipartisan ire was a reminder that the biggest banks still have to win over legislators on both sides of the aisle.

Senator Elizabeth Warren and other critics plan to ask whether banks are prioritizing buying back stock and rewarding employees over supporting the real economy.

Advisors and clients at Bank of America's brokerage can now collaboratively create multiple accounts across the firm simultaneously.

Despite losing more than 295 net advisors in the first three months of the year, the wirehouse had one of its best quarters in history in terms of revenue.

Even salaries, which are typically seen as private, were up for conversation among those in the cohort, a survey found.

Selective bets on undervalued stocks are paying off as unloved value and cyclical strategies fall into favor.

Virtual training and orientation, including any licensing needed, will begin in July.

Advisors can use Digital Wealth Overview to send an automatically-produced animation that gives a comprehensive look at financial accounts.

For just $1,000, clients can sign up for the firm’s purely digital automated advice service.

“I respect every competitor, I don’t fear any competitor,” CEO Brian Moynihan said.

The margin requirements apply to Merrill Lynch wealth management clients and individual traders using the Merrill Edge platform.

Client acquisition was down compared to 2019, but still higher than in years past.