Updated Saturday, March 28, 2015 as of 6:11 PM ET
HSBC's Swiss Private Banking Unit to Pay $12.5 Million to Settle U.S. Charges
The SEC charged the firm with violating federal securities laws by providing unregistered cross-border brokerage and investment advisory services to U.S. clients.
More in Private Banks
Halé Behzadi will oversee the bank's offices in Beverly Hills, Los Angeles, Orange County, Palo Alto, Phoenix, San Francisco and Seattle. more »
Merrill Lynch's expanding financial boot camp deepens relationships by helping wealthy clients ensure that the family fortune lasts beyond this generation and the next. more »
Citigroup assets at its Asian wealth management businesses climbed to a record $251 billion at the end of May as U.S. and European banks have been seeking to boost their wealth businesses in Asia to tap rising affluence in economies from China to Southeast Asia. more »
The decline was partly due to weather-related events that lowered customer activity across the board, the bank’s CFO said during an earnings call. more »
Community banks and credit unions need to recognize and tout the distinct advantages they offer advisors as they compete with bigger financial institutions for top talent, says Frank Smith, vice president of Recruitment at LPL Financial Institution Services. more »
The new director fills the last of three critical positions in the build-out of the Waterbury, Conn.-based private bank. more »
E.J. Burke, one of the two new co-presidents of the Community Bank, will be responsible for Key Private Bank as well as Key’s commercial and business banking segments. more »
C1 Bank in St. Petersburg, Fla., is betting that its new, above-average "living wage" for all full-time employees will help it attract and retain top-notch workers. more »
Like the Postal Service, small banks must radically change their business model, expect more consolidations and mergers, focus on critical services and avoid relying on the U.S. government for help - it could make things worse. more »
Community banks are revamping branches and offering new services in an effort to become trusted advisors to small businesses. Such a transformation is often easier said than done. more »
Upstate New York banker John Buhrmaster discusses the regulatory challenges small banks face, his issues with big banks and why smaller banks need to take a serious look at charging more for the services they offer. more »
The March Issue is now online!


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