Frank Froud, an executive vice president for Bank of New York Mellon, was promoted to head of client management for the U.S. Froud, who previously oversaw client management in Europe, is moving to New York for the new post. Hani Kablawi, who is also an executive vice president, will take over European client management.

Old Course Investment Partners LLC of Houston, which opened for business seven months ago, plans to double the size of its advisory staff and its assets under management, currently $250 million, in the next 12 months, said Blaine Douglas, one of its managing directors.

The Securities and Exchange Commission agreed this month to delay for two years a rule under which certain indexed annuities would be treated as securities rather than insurance products.

WASHINGTON — Despite dire predictions by banks and others that new mortgage rules by the Consumer Financial Protection Bureau would cut off access to credit, the industry is performing well two years after the regulations went into effect, according to the agency's top official.

Mechanics Bank in Walnut Creek, Calif., has entered the residential mortgage market and hired a banker to lead the new loan group.

The affordable housing market has dried up in major cities across the country. In response, regulators and lenders are looking into new programs to get people back into single-family homes while also exploring ways to encourage multifamily developments.

The processes and standards in place to ensure our payment cards are robust, secure and work in harmony with the rest of the ecosystem are given little spotlight, but they’re invaluable to the payments world’s smooth operation, says Fingerprints' Lina Andolf-Orup.

High-tech self-service channels can help credit unions effectively and efficiently meet members' needs during a time of social distancing.

Big data graph analytics allow you to “drill down” into complex interrelationships among organizations, people and transactions, says TigerGraph's Todd Blaschka.