RBC Wealth Management would like to see its 2,000-plus U.S. brokers raise their individual annual production to US$1 million, a target the head of its wealth unit sees as reachable in five years.

Most new financial advisers are encouraged to find a niche and develop expertise in handling a certain type of client. That expertise should lead to more clients and an efficient, prosperous practice.

An arbitration panel has ruled that certain comments regarding a broker's termination from Banc of America Investment Services Inc. in 2009 be expunged from his record.

The bank said it could record a $7 million charge in the second quarter after the client unexpectedly closed in May.

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting.

Membership continues to rise across the Wolverine State, though at a slower pace, but lending overall is on the decline.

U.S. regulators show far too much deference to an international body with no actual legal authority.

Burdensome regulations have decimated correspondent banking relationships, harming the most vulnerable in the U.S. and abroad.

Rules being considered by the Financial Crimes Enforcement Network would needlessly hinder banks seeking to do due diligence on their customers.