Consumer banking
Consumer banking
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About 80% of Bank of the West's wealth management customers are existing customers from elsewhere in the bank, according to John Bahnken, head of wealth management for the San Francisco bank.
October 13 -
The San Francisco unit of French bank BNP Paribas is in the "early part" of its plans to enlarge its asset-management operations, but Bank of the West already has tripled its number of financial advisors and doubled its number of wealth-management customers.
October 13 -
China, Switzerland, Germany and Japan are among nations close to reaching arrangements with U.S. regulators to ease the dismantling of failed banks, said Federal Deposit Insurance Corp. Chairman Martin J. Gruenberg.
October 13 -
Wealth management has reached a critical juncture. The pressure to expand and cross-sell could encourage employees to cut corners and regulators to crack down on questionable practices. All this applies to big banks, which thirst for sources of growth, and small banks, which are jumping headlong into the business and catering to the less affluent clients ignored by large banks.
October 11 -
Hyperion Bank in Philadelphia has appointed a president and chief executive to replace its retiring founder.
October 11 - WIB PH
Lifetime Achievement Award recipient Ellen Alemany outlined how bankers can restore customer confidence in the rapidly evolving industry.
October 11 -
The Federal Reserve may be preparing to fine Community Trust Bancorp (CTBI) in Pikeville, Ky., for deceptive overdraft practices.
October 11 -
The Federal Housing Administration has joined Fannie Mae and Freddie Mac in calling for mortgage lenders to temporarily postpone mortgage payments for furloughed government employees and contractors who have been affected by the shutdown.
October 11 - WIB PH
KeyCorp's Beth Mooney on what her CEO role symbolizes.
October 11 -
Lifetime Achievement honoree Ellen Alemany notes how the industry has evolved since the start of her career. Alemany, the recently retired head of RBS Citizens Financial Group, accepted the award at an American Banker gala celebrating the industrys most powerful women.
October 11 -
Regional and community banks are carving out niches as asset managers by offering perks and personal services to affluent customers whom bigger rivals often overlook.
October 11 -
Removing enforcement personnel from exams is just the start to a broad overhaul designed to make the process faster and free up personnel to pursue their own investigations outside of exams, according to Steven Antonakes, the CFPB's No. 2.
October 11 -
A sharper-than-expected decline in third-quarter mortgage revenues at Wells Fargo could spell bad news for other home lenders. The bank eked out another record profit by releasing loan-loss reserves.
October 11 -
Banks are looking to the relative safety and profitability of their wealth management divisions to boost earnings. But with that strategy comes increased regulatory and ethical scrutiny of this business line.
October 11 -
The Fed's Janet Yellen and optimism about the future were hot topics at American Banker's Women in Banking awards dinner on Thursday.
October 11 -
The underlying results of JPMorgan's third quarter were mediocre, even excluding heavy litigation costs. Its loan outlook for the current quarter is unencouraging. Expect a lot of other banks to continue the theme this fall.
October 11 -
Regulators have proposed new rules that would require banks to accept private flood insurance on homes in high-risk areas.
October 11 -
Even though the U.S. payments industry's regulatory environment can be difficult for startups, there is plenty of investment being made in the market for new disruptive technologies.
October 11 -
Payward Ltd., which runs the Kraken digital currency exchange, is the latest virtual-currency provider to partner with Fidor Bank in Germany.
October 11 -
The Office of the Comptroller of the Currency has updated its accounting guidelines to reflect the new regulatory-capital requirements outlined in Basel III set to take effect next year.
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