Investments

They will be deployed to the branches and teach veteran brokers how to make use of the firm's new high-tech wealth management tools, the company says.

Little-known Office for Management and Budget official Kathy Kraninger would succeed acting director Mick Mulvaney, her OMB boss; Wells Fargo still faces the big chill from several big cities and states.

Setting the record straight on what happened to the Reserve Primary Fund at the height of the crisis.

The Israeli-owned company, which spent the last half-decade addressing stagnation, is open to acquisitions or going public.

Proposed changes to Dodd-Frank's ban on proprietary trading are unnecessary and put the markets at risk.

Adyen NV, a Dutch payments processor whose clients include Netflix Inc. and Spotify Technology SA, more than doubled in its trading debut in Amsterdam.

The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive and enhanced actively managed funds.

Banks and startups compete for the same clients, as customers want one source for online checking and investment accounts.

Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities.

Banks are extending maturities and making loans to riskier credits to boost volume; banks cut their muni holdings as tax rates drop.