Bank of New York Mellon Corp. announced Monday that it has completed its acquisition of JPMorgan Trust Bank Ltd. in Japan from JPMorgan Chase & Co.

KBK Wealth Management plans to increase its assets under management over 150% in the next 18 months by recruiting midtier brokers.

Starwood Capital Group Global LLC, a private investment company in Greenwich, Conn., has hired John McCarthy as global head of asset management.

WASHINGTON — When Congress returns from recess today, its top financial services priority for the fall agenda will be responding to the crisis in the mortgage markets.

WASHINGTON — Bankers and consumer groups are clashing in suggestions to the Federal Reserve Board about what it should include in a rule restricting mortgage practices.

WASHINGTON — Sen. Charles Schumer blamed Countrywide Financial Corp. for helping to driving up home foreclosure rates and said it should stop steering borrowers into risky mortgages.

FHFA Director Mark Calabria should ensure the government-sponsored enterprises hold at least 4% of total assets as part of housing finance reform.

Some technology upgrade can leave databases open to the public internet, creating more risk for payment credential exposure and other risks, contends Ameya Talwalkar, co-founder and chief product officer of Cequence Security.

While some of the biggest institutions are already rapidly developing new technologies, it’s important that community banks also tap the power of artificial intelligence and machine learning.