Wealth management

UBS plans higher fees to push rich clients out of costly cash

09/09/20

The company and its global peers have seen their profitability hurt by half a decade of negative interest rates, which effectively make banks pay for holding clients’ cash.

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CIT sells wealth management business to FirstSun Capital

09/01/20

CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank.

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Bryn Mawr Bank shuts down investment advisory business

07/20/20

The Pennsylvania bank incurred $2.3 million in expenses in second quarter after winding down unit BMT Investment Advisers.

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Why Signature Bank is pressing ahead with West Coast expansion

07/08/20

The New York commercial bank says geographic diversification is a long-term necessity and that the interplay of its private banking and commercial banking businesses has helped it withstand the economic shock of the coronavirus.

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Financial services industry struggles to emerge from lockdown

07/07/20

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

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Banks continue to embrace robo advisers (even if customers don’t)

06/26/20

Citizens Bank and Citigroup are among the financial institutions plugging away at a service that has gained little traction among customers.

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Wells Fargo hires another JPMorgan alum to head wealth management

06/17/20

Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf.

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Banks say they’re gaining on fintechs during pandemic

06/10/20

In wealth management and consumer lending, banks are starting to win back clients they had been losing to startups.

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How businesses are surviving the pandemic

05/15/20

Our second monthly survey found a smooth transition to remote work and digital customer access channels — but technology issues still arose. The pandemic has highlighted the importance of having a strong digital presence across all retail sectors, including financial services.

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QCR records impairment charge tied to planned advisory group sale

05/04/20

The Illinois company will sell Bates Cos. to an undisclosed buyer less than two years after buying the wealth management firm.

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