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Bank Brokerage

  • Got Mojo? Bank Programs Face Challenges

    February 1, 2012

    Bank programs are facing some obstacles, but when done right there are a number of advantages in this model.

  • 2012 Outlook: High-Level View

    January 3, 2012

    From payouts getting trimmed to stagnant growth, bank advisors have their work cut out for them this year. But bright spots include investments that can help differentiate you.

  • Banks Build Up Wealth Units To Reach Ultra-Rich Clients

    December 1, 2011

    The battle for the high-net-worth and ultra high-net-worth client is heating up. In recent weeks, wealth managers of all stripes have announced plans to strengthen their services for their most affluent clients.

  • Customers Move Deposits Despite Being Sticky

    November 1, 2011

    The customers who walk into a branch are the lifeblood of any bank broker. And despite banks trying to make their customers "sticky," some people are finally getting fed up and leaving.

  • BNY Mellon: New York is ‘Flat Out Wrong’

    October 5, 2011

    The Bank of New York Mellon said late Tuesday that it is a victim of ‘prosecutorial overreach,’ at least in the case of the $2 billion lawsuit filed against it by New York state attorney general Eric T. Schneiderman.

  • UBS Says Rogue Trading Cost It $2 Billion

    September 15, 2011

    UBS said it estimated it had lost $2 billion from unauthorized trading, by one trader. In connection with the case, London Police arrested a 31-year-old man, in the middle of the night.

  • Compliance Headaches for a Bank-Based Advisor

    September 1, 2011

    When it comes to compliance, no one should be hired until they spend a minimum of one year as an advisor. This way they will truly learn how hard it is when dealing with various personalities and all the unique client situations.

  • Wells Fargo Securities Gets New Bank Strategies Managing Director

    August 11, 2011

    Wells Fargo Securities has named Michael Buttner as the new managing director of its bank strategies group where he'll lead and oversee a team providing portfolio management to financial services clients.

  • S&P Backlash May Hasten Pursuit of Credit Ratings Alternatives

    August 11, 2011

    Standard & Poor's downgrade of U.S. debt last week is likely to hasten the replacement of credit ratings within bank regulatory requirements.

  • Bank Investors' Latest Fear: Cap Markets Exposure

    August 8, 2011

    Mortgage woes have been the overriding concern of investors in the country's largest banks in recent months. Not any more. In the wake of Standard & Poor's downgrade of U.S. government debt on Friday, fears about capital markets exposure are now taking precedence over mortgages and cancelling out the perceived safety that investors normally ascribe to the largest banks.

  • Regions Financial Could Face More Legal Losses

    August 5, 2011

    In a new regulatory filing, bank holding company Regions Financial estimates it could face additional legal losses totaling up to $300 million.

  • Appeals Court Ruling Likely to Delay Dodd-Frank Regs

    August 3, 2011

    A recent federal appeals court decision is likely to cause the delay of dozens of pending Dodd-Frank Act regulations. The U. S. Court of Appeals for D.C. Circuit Court ruled July 22 that the Securities and Exchange Commission did not properly conduct a cost-benefit analysis before finalizing a proxy rule required by the regulatory reform law.

  • Gaps Found in FINRA Reporting Requirements for B/Ds

    August 1, 2011

    There is currently no requirement that brokers who have been disciplined or who have settled with investors in arbitrations be listed on the company's own broker-check document.

  • Hearing on Cordray's Nomination as CFPB Chief Set for Aug. 4

    July 29, 2011

    The Senate Banking Committee will hold a hearing next Thursday on the nomination of Richard Cordray to head the Consumer Financial Protection Bureau.

  • USAA Tops Survey of Self-Directed Investors; Merrill Edge Comes in Last

    June 30, 2011

    USAA, a financial institution and insurance provider serving military service people and their families, topped the latest J.D. Power & Associates' survey of self-directed investors' satisfaction while Merrill Edge, Bank of America Merrill Lynch's consumer brokerage unit, checked in last.