Commercial banking

While banks are in various stages of development when it comes to distributed ledger technology, the industry is further along than many would assume, big-bank technology executives say.

Wells Fargo, which is expanding its investment banking unit, has hired Mike Mayo to oversee U.S. large-cap bank research.

The new acting chief of one of Washington’s major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement.

Post-crisis financial rules have made the business of project lending less profitable for commercial banks. Foreign competitors have stepped in to fill the void, but U.S. banks can carve out a niche as bond offering managers and financial advisers.

The moves could position Christopher Gorman and Don Kimble as potential successors to CEO Beth Mooney.

The San Francisco company is combining its regional and area president positions into a single role called region bank president.

The bank's new Connections Hub portal allows its commercial clients to find potential buyers and sellers of their products in other markets.

The duties of Matt Zames, whose departure was announced Thursday, will be split up among several members of JPMorgan Chase’s operating committee.

Stuart Scott was apprehended at the request of the American government as part of a probe into foreign-exchange-trading practices.

Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced.