Bank Channel

Updated Sunday, May 19, 2013 as of 4:06 PM ET

Industry - Bank Channel

BNY Mellon Wealth Management Adds Sales Director in NY

BNY Mellon Wealth Management has snagged a senior banker from J.P. Morgan Chase to drum up business among ultra-high-net-worth clients in the New York region.

Debralee Nelson joined the firm�s New York Tri-State sales team as a senior sales director, BNY Mellon announced Thursday. She is responsible for business development and identifying opportunities for expanding the firm�s client base in the New York Tri-State market. more »

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Wall Street Wins Rollback in Dodd-Frank Swap-Trading Rules

JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world's largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition. more »

Webster Private Bank Names Chief Investment Strategist

Yves Cochez will manage the bank’s portfolio management team and set the overall direction of investment management for high-net-worth clients. more »

U.S. Bank Heats Up Marketing to Promote High-Net-Worth Business

Amid intense competition for high-net-worth clients, the Private Client Reserve is ramping up its marketing efforts to differentiate itself from rivals. more »

BNY Mellon Wealth Management Boosts Sales Efforts in Southern California

The firm has hired four wealth sales directors in Los Angeles and Newport Beach to drum up business. more »

Bucket of Likely Bank Failures Nearly Empty

There were a dozen critically undercapitalized banks at the end of the first quarter, according to Trepp, a data analysis firm in New York. Regulators are compelled to close banks when their capital gets that low. Several have failed in recent weeks, while one found a buyer. more »

Wealth Management Presents Opportunity for Banks, But Also Stiff Competition

First the good news about the wealth management fever that's sweeping the U.S. banking industry: there are real opportunities for banks that can adapt quickly. The bad news? Competition is fierce. more »

Ex-Wilmington Trust Loan Officer Pleads Guilty to Fraud

A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud. more »

Umpqua Private Bank Targets Business Owners and Gen X Investors in Seattle

Elise Fortin, Umpqua Private Bank’s newly appointed leader in Seattle, believes that Umpqua’s “high-touch” offerings will resonate well with business owners and Gen X investors. more »

More Banks Plan to Add, Not Subtract, Branches

Many banks plan to add to their branch networks over the next few years even though all the evidence suggests that foot traffic is declining and that most banking transactions are now conducted online. more »

JPMorgan Promotes Erik Bisso to Run CIO in North America

JPMorgan Chase & Co. named Erik Bisso to run the bank’s chief investment office for North America, filling a vacancy created last year when Irene Tse left to start a hedge fund. more »

U.S. Bank’s Brokerage Unit Adds Two Advisors in Bismarck, N.D.

Steve Felchle and Jason Ernst, formerly with Wells Fargo, bring the total number of financial advisors at USBI to 532, up from 480 in July 2008. more »

Citi Private Bank Names Global Chief Strategist

Steven Wieting, managing director and U.S. economist in Citi Research, will be responsible for formulating investment strategies for the business and its clients around the world. more »

Banks Face Uncertain Threat from Planned Tuesday Cyberattack

Banks may be about to endure yet another cyberattack by hacktivist groups. more »

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