The market crash was painful for investment firms and their clients, but it has been a boon for a boutique investment administration business in North Carolina.

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Days after the Securities and Exchange Commission recommended that all financial advisers practice within the fiduciary standard of care, BlackRock announced Jan. 24 that it has hired an executive for that role.

The housing finance agency, which is increasingly at the forefront of reform discussions, has been without a permanent chief for almost two years.

City National Bank said the foundation will buy houses and hold onto them until the buyer lines up financing.

Despite recriminations about how the crisis and ensuing regulations have tightened loan access, an actual assessment of mortgage credit availability finds the situation is more complicated.

If Biden appointees are going to apply more antitrust scrutiny to bank mergers, they need to factor into their analysis the competitive threat that banks face from fintechs and other less-regulated players.

If the Justice Department and other agencies are serious about overhauling the bank merger process, they need to start by establishing whether consolidation helps or hurts consumers.

Compensation needs to be competitive, of course, but employees also need to feel appreciated. In a challenging labor market, here’s how banks can retain their best workers and keep them motivated.