Updated Friday, July 11, 2014 as of 7:04 PM ET
Bank M&A on Pace for Best Year Since 2008
Merger momentum is finally building in the banking industry.
Banks announced 136 whole-bank deals in the first half of 2014, representing an 18% increase from a year earlier, according to SNL Financial. The aggregate value of those deals topped $6 billion, a 33% spike from the first six months of 2013.   more »
More in Industry
A small credit union is testing a tech-based solution to an old-world problem: busy branch lobbies. more »
Raymond James & Associates lured away a UBS advisor team managing $575 million in assets. more »
The Honolulu-based credit union chose CUSO Financial Services to help expand its brokerage program. more »
Deutsche Bank's asset and wealth management unit is in growth mode in the U.S., hiring a string of managers and advisors. more »
The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, though a key figure rose slightly from the fourth quarter. Meanwhile, payments on home equity lines fell to their lowest level in five years, according to a new ABA report. more »
Fraud fighters have spotted a new form of ATM skimming device that is so small it's easy for the human eye to miss. more »
Nearly six months into her first term as Federal Reserve Board chair, Janet Yellen has sought to put financial stability on nearly equal footing as monetary policy. more »
Deutsche Bank, Germany’s largest lender, is relying on its money-management businesses to bolster growth, said Michele Faissola, the unit’s head. more »
David Campanella will lead a team of wealth management professionals serving high-net-worth clients in Cleveland and Columbus. more »
Ameriprise enticed away a Morgan Stanley advisor who generated $1 million in annual revenue, according to a spokesman for the regional broker-dealer. more »
This week, for the third time, the biggest U.S. banks have sent regulators detailed plans for their own demise. The regulators’ response to those filings has been far less detailed. more »
The revenue increases were concentrated in the smaller bank broker dealers, according to a new survey by Kehrer Saltzman & Associates. more »
The errant sales assistant allegedly converted funds from an LPL business bank account. more »
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