Updated Monday, May 25, 2015 as of 11:41 PM ET
Industry Veterans Launch Venture Aimed at Banks, Credit Unions
The former leader of BISA's research arm and an ex-Comerica Bank wealth executive aim to help banks and credit unions compete more aggressively with wirehouses and independent firms.
More in Bank Channel
Now that two of the biggest U.S. banks are convicted felons, the Justice Department appears to have proven the point it set out to make a year ago -- that it could deliver the harshest penalty possible against financial institutions without inflicting fatal wounds. more »
The acquisition will give Infinex increased scale as third-party broker-dealers struggle to offset rising regulatory and tech costs. more »
Three bank breakaways join two former colleagues who started the independent firm Standard Investment Advisors last year. more »
Abid Gilani, a Wells Fargo senior vice president, was one of the victims in the derailment of an Amtrak train outside of Philadelphia on Tuesday. more »
Bryan Carnahan, a former advisor at Huntington Bank, allegedly stole nearly $170,000 from a customer's brokerage account to cover investment losses in other customers' accounts. more »
Wells Fargo and other banks are testing the use of mobile devices to authenticate consumers in the drive-through lane. The pilot, designed to expedite service and improve security, serves as the latest example of a growing trend: preordering banking services via digital devices. more »
The SEC and other regulators are seeking information about the bank's use of proprietary products in its wealth management business, the company disclosed in a regulatory filing. more »
Wells Fargo was sued by Los Angeles for allegedly opening accounts and issuing credit cards without customers’ authorization as part of what the city called a “fee-generating machine.” more »
Richard Ohrn, a former broker with Chase and Wells Fargo in Boca Raton, Fla., was banned last week, 12 days after staging his disappearance at sea. more »
As more community banks switch to a universal banker model, they are also finding that it can take a year -- or more -- to properly train those employees. more »
The financial industry and the White House are gearing up for a fresh battle this spring over investment advice for retirement savings. more »
Banks' customer-satisfaction ratings are at a 10-year high, according to a new study by J.D. Power. The research firm identified the top-rated banks in each region, and found that the postmillennial generation has a thing for the megabanks. more »
One factor prodding firms into quick adoption of Apple Watch apps is the fear of missing out on the latest technology. more »
Advisors on the Move: Wells Fargo Nabs $650M Team
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