SunTrust

The five-time San Antonio Spurs champion is willing to testify against his former longtime planner, according to the team's lawyer.

The SEC is investigating the bank for selling clients mutual funds that charge marketing fees when other, cheaper funds were available. SunTrust expects an enforcement action.

The bank's current leader of Consumer Banking and Private Wealth Management will move to a new role spearheading initiatives to evaluate further fintech alliances.

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

Brokerage revenue is likely to drop for three to five years.

Revenue in 2016 from the retail brokerage business slipped 6% to $281 million from $300 million in 2015.

The regulator said "significant deficiencies" affected hundreds of millions of records.

Third-quarter revenue from brokerage and trust services fell 8% and 7%, respectively, from the same period last year. Both units, however, boosted assets under management.

Charles Augustus Banks called San Antonio Spurs player Tim Duncan's claims against him "naïve and immature" last year. Now the former RIA is under indictment by a federal grand jury and faces SEC charges.

Six executives were recently tapped to lead wealth management and related investment services groups at Huntington Bank, BNY Mellon, SunTrust and U.S. Bank. Find out who they are and what their new roles entail.

Second-quarter revenue from trust and brokerage services sank 11% and 10%, respectively, from the same period last year.

The 81-year-old widower also won an additional $12,000 for his elderly friend in a FINRA arbitration proceeding.

The trio expressed confidence in their ability to weather the impact of the rule on their wealth businesses during recent earnings calls.

Rogers described any potential impact of the new rule as marginal and noted that it might also offer opportunity.

The weak performance was due to challenging market conditions, which reduced assets under management and client activity, the bank's CFO said.