Wealth management

Bank of America said Terry Laughlin, vice chairman and head of global wealth and investment management, has died. He was 63.

The pressure is on for banks to lean more heavily on capital markets, wealth management and other nonmortgage sources of fee income. That could get tougher in upcoming quarters.

The firm is disbanding its consumer and commercial banking division and will make the Marcus brand one of the new business offerings that can be sold to its wealth management unit’s expanding roster of clients.

Recognizing their members have relationships with multiple institutions, some credit unions are launching personal finance management tools to give consumers a wider view of their financial lives.

At Barclays' fintech accelerator, this year's class has fresh takes on personal financial management, recruiting and trade finance.

The senator wants the Fed to retain its asset cap on Wells Fargo until the CEO is fired; industry groups call on regulators to reconsider or scrap plans to modify Volcker Rule.

The firms' profit reports this week showed they're increasingly rushing into the booming market for lending to high-net-worth individuals. So far, it's paying off: Morgan Stanley has tripled those loans in the past five years, while Goldman Sachs is expanding overseas.

Wells Fargo, Bank of America, Citigroup and other banks have joined forces with fintechs and data aggregators to create the Financial Data Exchange, which aims to resolve the fight over sharing customer information.

The custody bank’s linked-quarter net income dipped due to a decline in earning assets and lower transaction volumes.

Parents with small children often don’t know about college savings accounts, according to U-Nest founder Ksenia Yudin.

What the bank is doing differently with its personal financial management tools could be instructive to the many institutions that haven’t gained much traction with similar offerings.

A sullied reputation and frustrations with bureaucracy have driven some advisers to the competition.

How banks and network providers combat real-time payment fraud; online banks try new pricing strategies; the Most Powerful Women in Banking call for greater leadership diversity; and more from this week's most-read stories.

Double-digit gains in interest and noninterest income more than offset higher deposit, compensation costs.

The bureau says it lacks explicit authority to conduct routine supervision of lenders’ compliance with service member protections, but the decision has sparked pushback from the Defense Department and groups representing military personnel.

Banks and credit unions will have to re-engineer a number of systems to meet the eclectic demands of the generation born roughly in the last 10 to 20 years.

Banks will have to re-engineer a number of systems to meet the eclectic demands of the generation born roughly in the last 10 to 20 years.

Credit unions in Iowa and across the west were honored for their work aiding immigrants and financial education for students, respectively.

They are good at helping track savings, spending and debt, but they do not always provide consumers with a complete picture of their financial health.

The UBS executive discusses how a sudden, life-threatening illness changed her outlook on life and business.