For large investment houses and independent financial advisers, this new crop of potential clients — and the commissions they generate — is as elusive as it is exclusive.

Commonwealth Financial Network, which boasts one of the largest fleets of high-end independent advisers, is instituting new rewards for enriching the firm.

The niche-oriented New York company attributes much of the success to investor demand for two of its specialties: gold and hard assets.

The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority.

Zions' Harris Simmons named Banker of the Year; distilling the hopes and hang-ups around CRA reform; new grist in still ongoing debate over Operation Choke Point; and more from this week's most-read stories.

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.

In his new book, “Shutdown: How Covid Shook the World’s Economy,” the historian Adam Tooze argues that the Federal Reserve's interventions preserved a flawed economic status quo. But it still isn't clear what the central bank could have done differently.

Diane Morais, the bank's consumer and commercial banking president, writes that eliminating overdrafts has had little impact on the bottom line, and she encourages more banks to do the same.

Overdraft fees are criticized as unfair penalties for lower-income customers, but they are often better for consumers than getting purchases rejected.