Banking

The long-standing feud between founder Mark Hurley and majority owner Emigrant Bank has reached the boiling point.

The firm is, all of a sudden, Wall Street’s big spender.

Investors have been more skeptical of how much boost the tax cuts would provide to the economy this year, and the big banks’ second-quarter profits seem to suggest why.

Despite loosening regulations and the president’s tax cuts, BofA continued a string of lackluster second-quarter earnings for the big banks.

Susan Elolampi will be company's latest high-level hire following a dozen appointments in recent months.

“It’s not about us getting to them. It’s about them getting to us,” Daniel Darst, chief marketing officer for People’s United Bank, said of client marketing.

The wealth management firm is using digital tools to smooth the transition for clients and advisors. Here’s how they’re doing it.

Noah Kerner, CEO, Acorns and Suleman Din, Technology Editor, Financial Planning

Acorns, the mobile microinvesting company, wants to be known for helping customers manage saving and spending — and that's it, CEO Noah Kerner says.

The firm’s equity-trading business head Ted Pick, promoted to lead its division of investment bankers and traders, is one possible successor.

They want help with their money — and they don’t mind their own data being analyzed, JPMorgan’s Kelli Keough said at the In|Vest conference.

The firm has recruited 71 advisors so this year and opened branches in four states, according to a spokeswoman.

The app also allows clients to use the Zelle person-to-person payments service.

In an investor-backed power play, the tech startup wants wirehouses and banks to turn to it instead of traditional software providers as they make upgrades.

The Minneapolis bank is pitching the automated investment advice platform, a joint venture with a BlackRock unit, to a wide range of age groups, not just younger consumers.

The firm scaled back its investment bank after the financial crisis to reduce risk and focus on its large wealth-management business.

Banks and wirehouses have a head start on data, while RIAs face challenges, according to a new report.

The Tax Court rules that creditors must have hard evidence that an obligation is uncollectable before they deduct it.

Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities.

Although banks and digital wealth startups seek to claim the same assets, they're finding common ground elsewhere.