Wealth management

Baby boomers may have been overtaken as the largest generation of consumers in America, but the older demographic still presents plenty of business opportunities for credit unions.

A profile of New York's top cop for banking offers insight into her thinking on hot regulatory issues; the women behind the machine learning at Morgan Stanley and UBS see a future with better advice; plus, Jane Austen and the new Doctor Who.

Second-quarter profit improved modestly at Northern Trust as severance costs offset growth in trust and institutional services.

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently.

Scharf, a former Visa CEO and JPMorgan executive, succeeds Gerald Hassell as leader of Bank of New York Mellon.

Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy.

The app allows users, many of them first-time investors, to get started for as little as $5.

A community bank gets taken to task by the Equal Employment Opportunity Commission. Tennis player Andy Murray makes his mom — and lots of other women — proud at Wimbledon. Also, the Bank of England's Charlotte Hogg and Morgan Stanley's Naureen Hassan.

Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.

The companies will use an application programming interface to let Chase customers send the data to the apps Finicity supports, including personal financial services apps and income verification tools.

The nearly 200-year-old firm wants to help clients access, organize, transmit and use data more effectively.

It might seem unusual for an Old National Bancorp to lure away a regional executive from the much larger Fifth Third, but not in wealth management, where competitiveness can be as much about emphasis as size.

Greenlight Financial Technology offers a card that enables parents to control where their kids spend money.

Imagine if we could take all the data that's coming from the real economy and use that to discern price, predict performance, understand risk and make better investment decisions. The only feasible way to do this is through artificial intelligence.

Do impact investments — which are made with the intention of fostering social or environmental benefits — underperform? Those involved in the sector answer with a resounding "no."

Dr. Dan Geller, behavioral economist and author of "Money Anxiety," explains why Americans are more stressed about money than ever before and how fear affects their decisions about financial products and banks.

CIBC plans to spend two years focusing on internal growth at PrivateBank except for some targeted wealth management acquisitions, but ultimately capital outlays or takeovers will be necessary to meet its growth ambitions.

Digital banking services should solve consumers' problems and offer them advice, and they must rely on artificial intelligence and other cutting-edge technology, bankers from TD, RBC and Bank of the West said.

Vault and Retiremap are launching products this week that are designed to help people stash cash where they can.

Services with simpler fees and intuitive digital designs might appeal to younger users, but millennials have much more on their minds than saving for retirement.