Barclays Wealth on Monday announced that it appointed banking veteran David Lewis as managing director and head of its Americas banking unit, a new position.

Looking to fill a growing need for advisers for its brokerage business at a reasonable cost, PNC Financial Services Group Inc. has been training promising candidates in-house, in a departure from standard bank practice.

Fewer hedge funds closed their doors in the second quarter, but there were also fewer hedge fund launches, as investors continued to shun startups and smaller firms in favor of large, established players.

Three senators have unveiled a bill that would allow captive insurance companies to regain full membership in the Federal Home Loan Bank System.

The Massachusetts bank — and former credit union — bought Cumberland County Mortgage in Maine.

The busy legislative agenda laid out by President Trump in the State of the Union speech Tuesday night casts doubt on how quickly Congress can move on financial services legislation, particularly a housing finance reform package.

It would force national banks to make loans to high-risk industries that often pose dangers to vulnerable communities. The next comptroller of the currency should instead promote equal credit availability for consumers who need it most.

Many financial institutions have made initial moves into real-time payments via P2P services, and the use cases will jump over time, says Fiserv's Matt Wilcox.

When life turns upside down, customers and employees need help with finding swift solutions to problems they may have never faced or even considered—and companies require innovation guided by more than a slide deck, says Western Union's Nicole Vogrin.