FrontPoint Partners' portfolio managers are taking back control of their hedge fund firm four years after they sold it to Morgan Stanley for around $400 million.

While most broker-dealers and their advisers remain stuck on social media's sidelines in lieu of any actionable guidance from either the Securities and Exchange Commission or the Financial Industry Regulatory Authority, Edward Jones is quietly building a legion of "fans" on Facebook, with moderate success, according to a report by Corporate Insight.

E-Trade Financial reported quarterly profit that met analyst estimates after setting aside less money for future loan defaults.

Joe Petitti and Jack Knight formerly held leadership posts at First Republic.

A class action filed last week alleges that Renovate America and Renew Financial failed to provide consumer protections promised to L.A. County, that this constitutes elder abuse, and the county is complicit.

BofA, Citi and Union Bank map out next moves in branching; MB Financial and Regions exit business lines; a dramatic reduction in regulatory actions under Trump; and more from this week's most-read stories.

Some bank regulators are allowing companies that offer digital currencies to apply for a charter, potentially giving them a path to the Federal Reserve system without proper oversight.

If policymakers are serious about revitalizing low-income communities, they should require all fintechs and other nonchartered lenders to adhere to the Community Reinvestment Act.

Challenger banks and fintechs can't be considered rivals, says Episode Six's John Mitchell.