Wealth management

Less than a year after investing in MX Technologies, USAA has partnered with the startup to provide personal financial management tools to its 11.4 million members.

The bank that for many defines ultrawealthy is now in the market to serve investors whose employers don't even offer 401(k)s.

Chase is investing in digital and technology resources in a way that's reminiscent of the Silicon Valley model, as it looks to create more direct interaction with its customers on its website.

Banks need to rethink their purpose to serve its younger customers, many of whom are inundated with choices. Banks have a tremendous opportunity to win these overbanked customers if they can figure out a way to become the financial hub.

Northern Trust has agreed to buy Aurora Investment Management, a hedge fund portfolio manager that's owned by Natixis Global Asset Management.

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Two big Canadian banks reported quarterly results on Thursday.

The private-banking prowess of newly acquired City National was the steadying influence Royal Bank of Canada needed amid global and domestic economic shocks in its latest quarter.

Several money managers increased their holdings in banking companies during the fourth quarter and added new investments in other banks.

The Madrid-based bank announced Thursday that it will invest $250 million in Propel Venture Partners.