Asset management

Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.

Credit union clients of CMS will be able to make securities transactions without commissions.

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

The head of Charles Schwab Investment Management is disrupting the asset-management industry by introducing more straightforward ETFs, mutual funds and other investment products.

Working closely with her boss, Marie Chandoha, Seidlitz is on a mission to recruit and retain more female asset managers.

European banks are testing rings, watches and bracelets that are linked to credit and debit accounts; European regulators appear keener on increasing competition than U.S. counterparts.

Harford traveled more than 70,000 miles in her first six months at UBS in an effort to meet every one of her group’s 500 employees, from secretaries to managing directors.

UBS has turned to Paula Polito to draw up the blueprint for connecting with clients around the world.

Gunjan Kedia left a big job at State Street for an opportunity to have more direct impact on the lives of individual investors.

Assets under custody and administration surged to a record high of $33.6 trillion, the trust bank said in its second-quarter report.