Wealth management

BNY Mellon's Karen Peetz tops the 25 Most Powerful Women in Banking list; the 25 Most Powerful Women in Finance list is led by Mary Callahan Erdoes at JPMorgan Chase; and Nandita Bakhshi at Bank of the West heads the 25 Women to Watch list.

Johnny Burris, an investment advisor, has been embroiled in a four-year dispute with the bank, his former employer, which he says pressured him to push his clients into the bank's own or favored investment products. JPMorgan, and now Finra, accuse Burris of causing the (three-figure) client loss and neglecting to make his superiors aware of the problem.

JPMorgan Chase has made an equity investment of an undisclosed size in InvestCloud, a startup that provides cloud-based software to the securities industry.

MUFG Union Bank has named a head of private wealth management for its northern California and Pacific Northwest region.

When a mobile banking vendor told a San Antonio Federal Credit Union it didn't have the capabilities it wanted, the institution took a note from Facebook's strategy with Messenger and created a companion app.

PNC Financial Services Group wants to sell its stake in BlackRock, the world's largest asset manager, a deal that could fetch about $12 billion.

Nearly six months into its partnership with TD Bank in Canada, Moven is on the hunt for additional partners as it looks to take its real-time spending insights to the masses.

The large custody bank was one of the first U.S. banking firms to embrace robotic process automation. Here's why a 232-year-old institution took a pioneering stance on a new technology.

The fifth-biggest bank in the U.S. strikes a deal with BlackRock's FutureAdvisor to offer automated investing service.

Screen scraping is an out-of-date way to share transaction data with mobile apps and services. It's high time for banks to invest in OAuth, a protocol that lets customers access their financial data in a portal of their choosing and is secure.

Royal Bank of Canada beat analysts' estimates for the fiscal third quarter as its City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada's largest lender raised its dividend 2.5% to 83 cents a share.

Sure, there is an inherent business tension between banks' digital offerings and personal financial management software. However, the ground rules for making account data available to consumers for use in external software products and apps are in place and the so-called rivalry is overblown.

Nonbanking fees are also allowing Community Bank System in New York to be a patient acquirer even though it is creeping up on $10 billion in assets.

Fintech firms and millennial-focused advisers are providing advice on student loan refinancing, with the expectation that over time it will eventually lead to new business, in the form of brokerage and retirement accounts.

A handful of banks and fintech companies are letting bank customers connect via chat bots on platforms like Slack of Facebook messenger. Some say this is the next big thing, while others say the technology still has a ways to go.

Changes in consumer behavior – including a growing distrust of financial advisers – are driving the rise of robo advisers, says Gauthier Vincent, a consultant with Deloitte.

Hedgeable sees the peer-to-peer business and personal loans as an alternative to fixed-income investments that are traditionally offered through exchange-traded funds.

State Street's cost-cutting plan began to pay dividends, as the Boston company's second-quarter profit rose sharply on lower expenses.

Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized services — such as counseling family members who have suddenly inherited a fortune.

People's United Financial in Bridgeport, Conn., has agreed to buy a New York wealth-management firm.