Morristown Financial Group, the largest branch of LPL Financial in gross production, hopes a planned hybrid registered investment adviser will help it continue its heady expansion.

Stuart Hendel is heading to Bank of America Corp.'s Merrill Lynch unit to head its global prime brokerage unit, the company said Monday.

Eager to escape more scrutiny and red tape from regulatory reform, some hedge fund managers are closing shop to concentrate on managing money for themselves, relatives and essential employees as unregistered family offices.

Fixing the housing finance system is "the last piece of unaddressed business from the financial crisis," according to a summary of to-do items released by the Banking Committee's chairman.

The acting head of the Federal Housing Finance Agency has promised substantial changes for Fannie Mae and Freddie Mac, but the exact mechanics and timeline of an administration plan are still a mystery.

Among the things we've learned this earnings season: C&I is back, fee income is flat, and leveraged lending is beginning to "rear its ugly head."

BNPL providers earn most of their money from their merchant partnerships, not late fees, as their critics claim.

Under procedural changes recently adopted by the Consumer Financial Protection Bureau, the director could pursue more enforcement actions administratively without federal court approval. Financial firms may have a harder time defending themselves as a result.

A supervisory letter detailing their failings in assessing exposure to a collapsed hedge fund suggests that the Federal Reserve believes banks are falling short in basic risk management.