Advisers who want to forge a tighter bond with affluent black American clients — or potential ones — should understand cultural differences, say officials at Northern Trust, which recently released its second biannual survey on the issue.

The stake purchase fits within Credit Suisse's asset management strategy of focusing on alternative investments, asset allocation and emerging markets business globally, Singh said.

JPMorgan Chase & Co. led in global investment banking revenue in the first nine months of the year, with $3.3 billion and a 7.7% market share, according to preliminary data from Dealogic.

The Seattle company invalidated the proposal by Blue Lion Capital, claiming it fell short of its bylaw requirements.

Sure, banks are closing more branches than they are opening, but many still view them as important channels for selling products, dispensing advice and gathering deposits. Here's a look at banks large and small that are opening branches (or, in Capital One's case, cafes) in new markets.

Ocwen Financial Corp.'s acquisition of PHH Corp. will help the nonbank servicer rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.

Fintechs and challenger banks are small, nimble and tech-centric. However, incumbents have strong reputations, customer trust and loyalty built over many decades, says Twilio's Bijon Mehta.

Free financial education programs and easier access to safe small-dollar loans are among the ways banks could help put low-income minority households on a path to prosperity.

Merchants are making a miscalculation on data management, says FreedomPay's Chris Kronenthal.