Wealth management

Goldman Sachs plans wealth product aimed at mass affluent


The investment platform, which is in the early stages of development, will be part of Marcus, the consumer bank Goldman launched in 2016.


First Republic hits asset milestone, tops $100 billion


The San Francisco bank has roughly doubled its assets in the last five years with the benefit of an acquisition.


Envestnet adding lending option to its wealth services


The technology provider to financial advisers is partnering with Advisor Credit Exchange to help them connect their clients with banks and nonbanks for consumer and business loans.


City National names new head of private banking in L.A.


Nick Zappia is joining the bank from rival BNY Mellon in what is one of the first key hires of new CEO Kelly Coffey.


Bank of America ditching Merrill Lynch, U.S. Trust brands


BofA is rolling out new names for its investment banking, wealth management and private banking divisions.


RBC's results show signs of weakening credit conditions


Royal Bank of Canada reported a 5% increase in quarterly profits, but a sharp increase in its loan-loss provision is raising concerns about credit quality.


Chemical, TCF to merge, creating $45 billion-asset bank


Chemical is paying roughly $3.6 billion for the $23.5 billion-asset TCF. The combined company will be headquartered in Detroit, Chemical's hometown, and operate under the TCF brand.


Provident Financial to buy New York wealth management firm


Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.


Strong commercial lending offsets margin pressure at First Republic


The San Francisco company's quarterly earnings also reflected higher wealth management revenue.


Fulton Financial's latest acquisition to add scale in wealth management


The Pennsylvania company has agreed to buy Forney Financial Solutions.