Updated Friday, February 27, 2015 as of 10:20 AM ET
Banks Shop for RIAs
As their interest income dwindles, banks are looking to bulk up their wealth management businesses in a bid to boost their fee-based revenue.
More in Bank Channel
The firm agreed to pay $2.6 billion to settle probes into its creation and sale of residential mortgage-backed securities. more »
A French prosecutor recommended charges for complicity in tax fraud and aggravated money laundering tied to a trust overseen by the firm's office on the island country. more »
Wealth-management profits fell 2.1% to C$230 million, after recording C$27 million in restructuring costs for its U.S. and international operations, while insurance earnings rose 18% to C$185 million. more »
While many of the fundamentals of bank programs haven't changed much, the products, technology and sophistication of advisors and clients alike have increased exponentially. more »
JPMorgan Chase, the biggest U.S. lender, is closing more than 5% of its branches as the firm cuts costs and as more consumers use digital devices to bank. more »
The megabank's commitment to its branches stands out in an industry where customers are shifting more of their banking activity to mobile devices and PCs, and where banks take an increasingly ruthless look at branch performance numbers. more »
Steven J. Dunkelberg was barred for allegedly swiping nearly $5,000 from a bank customer's account. He's the third rep to be ousted from the industry this year. more »
The fight over the Dodd-Frank threshold for enhanced regulations is the first big legislative battle for a loose coalition of regional banks. more »
The fiscal 2016 budget includes proposals to limit the value of itemized tax deductions for IRAs and 401(k)s and other expenses to 28%. more »
The group has expanded into Seattle, following entries into New York, San Francisco and Los Angeles. more »
Our annual Top 50 was based on a composite score using various performance metrics. Here are the top bank advisors based solely on annual production. more »
Bradley Birkenfeld, the former UBS Group banker who won a $104 million whistle-blower award after serving time in prison for tax conspiracy, won a U.S. judge’s permission to testify in France in a separate probe of the Swiss bank. more »
The board left his salary unchanged at $1.5 million and he received no cash bonus, a person with knowledge of the decisions said. more »
The January Issue is now online!


Industry Events

March 4, 2015 |

April 22, 2015 | Plantsville, Conn.

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