Updated Thursday, July 30, 2015 as of 12:11 PM ET
Bank Insurance Biz a Mixed Bag in 1Q
Banks on track to generate $1 million in insurance brokerage for the year declined 16%, but the number that saw double-digit increases in brokerage income saw a significant jump.
More in Bank Channel
A recruit from the banking channel at Wells Fargo moves to the regional's independent broker-dealer. more »
As banks rely more on fee income, Huntington Bancshares is boasting about its intentional slashing of service charges. more »
The bank generated $97 million in second-quarter revenue from its brokerage, trust and insurance operations, up 7.8% year-over-year. more »
Karen Ann Vodden was sanctioned for failing to disclose her role under powers of attorney for her elderly aunt and uncle. The former advisor worked for community institution Blackhawk Bank. more »
Radius Bank's partnership with online investment firm Aspiration highlights a nascent trend among small banks in the race to win millennial customers: partnering with fintech firms rather than opening branches. more »
Innovation labs are all the rage in the banking industry right now, but a debate has broken out about whether they will amount to more than window dressing. more »
M&T, PNC, SunTrust and other regionals reported strong fee growth thanks to inroads they have made in investment banking, wealth management and other areas. It couldn't have come at a better time for them. more »
Second-quarter revenue from trust and investment management services plunged 28% year-over-year to $84 million. Meanwhile, retail brokerage revenue rose 5% to $80 million. more »
Bank of America is trumpeting the doubling of its profits in the second quarter as a payoff from its long cleanup efforts. But the results relied mainly on lower legal costs and expense savings, while revenue declined in four key business lines. more »
Peoples Bancorp in Ohio wants to encourage cross-selling but limits the use of employee incentive payments to make it happen. Here's what they're doing instead. more »
Second-quarter profits for the asset management group climbed 17% year-over-year to $62 million on $416 million in revenue. more »
Those looking for easy answers from a government report about what caused recent volatility in the Treasury markets — including whether regulation is to blame — were likely disappointed. more »
A private client banker with J.P. Morgan Chase allegedly took $200 from a customer's wallet; and a personal banker from Wells Fargo Bank allegedly endorsed a check made payable to a client and deposited it into her personal account. more »
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