Updated Wednesday, July 30, 2014 as of 9:07 AM ET
CUSO, Sorrento Release New Mobile Imaging App
Life for clients of bank and credit union investment programs run by CUSO Financial Services and Sorrento Pacific Financial has just become a little easier.
The two sister broker dealers on Tuesday released a new mobile app that allows retail investment clients to capture document images via their iOS or Android device and send them securely to their financial advisors for inclusion in their portfolio documentation.   more »
More in Bank Channel
UBS AG said the U.S. Securities and Exchange Commission has been investigating its dark pool since early 2012, the first time the Swiss bank has acknowledged the probe now in its third year. more »
Will GAO take into account the impact of the legislative and regulatory changes that have occurred since the passage of the Dodd-Frank Act? more »
Community banks need to rethink their technology and marketing to ensure they are snagging a piece of the millennial generation. Big banks have the lead in reaching this demographic, but they are vulnerable, experts said. more »
Deutsche Bank hired James Dilworth, chief executive officer of Allianz Global Investors Europe, to lead management of active assets. more »
Ion Bank has been using interactive teller machines, which let customers conduct video chats with tellers, for more than a year. The technology has helped some of its branches stay open for business 27 hours longer per week without overspending. more »
The Massachusetts Democrat unsurprisingly defended the financial reform law, yet also indicated he disagreed with regulators on implementation of some elements and a push by Sen. Elizabeth Warren to restore Depression-era rules separating banking from other industries. more »
A highly anticipated government report due to be released July 31 is expected to say big banks received less of a subsidy from the perception that they are "too big to fail." But it remains uncertain whether that would continue to be true in a future crisis or if market conditions change. more »
The company has been under consideration as systemically important for more than a year, and its executives have met more than 10 times with council staff members to argue it doesn’t pose a risk. more »
After the Federal Reserve Bank of New York was said to have faulted the regulatory reports of some of the firm’s U.S. businesses last year, the bank dropped in Frankfurt trading. more »
Credit Suisse Group AG said it will abandon commodities trading as a $2.6 billion fine to settle a U.S. tax investigation pushed the Swiss bank to its biggest quarterly loss since 2008. more »
As the Dodd-Frank law turns four years old, policymakers appear increasingly willing to revisit a key requirement that says banks with $50 billion of assets are systemically risky. more »
Regulators have closed Eastside Commercial Bank in Conyers, Ga., the 13th institution to fail this year. more »
Julius Baer Group, Switzerland’s third-largest wealth manager, said its affluent Russian clients were less active in the first half of the year amid political tensions in the region. more »
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