More and more pension plans are exiting their domestic equity commitments in favor of long-duration bond vehicles to back up their liability needs, plan sponsors said in a new study.

Investors stuck with their retirement savings plans in 2010, according to the Investment Company Institute, basing its findings on data from more than 23 million defined contribution accounts.

SunTrust Banks Inc. on Wednesday announced that it bought a San Francisco wealth manager that focuses on clients including professional athletes.

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

A new study from CUNA Mutual Group shows CUs ended March with tepid growth in membership and auto and real estate loans compared with a year earlier.

Recent letters from NAFCU and CUNA called on the Consumer Financial Protection Bureau to provide a carve out in its payday lending rule for loans made by credit unions.

Congress will eventually turn its attention to the fact that taxpayers are subsidizing payments to large financial institutions.

One year after from President Biden's executive order on Section 1033 of the Dodd-Frank Act, there has been no discernible progress.

Any limitations on the distribution of pandemic relief and other payments are the result of instructions from the IRS, or the Federal Reserve's failure to operate a 24/7 payments system — and not shortcomings of the automated clearing house network, writes the head of Nacha.