News Topic: Wealth management

Net interest income has surged thanks to rising rates, but noninterest income has lagged as trading revenue has weakened, refi demand has softened and fees from deposit service charges have barely budged. Is this the new normal? ... Read full article

BOK benefited from rising rates and revenue from its wealth management businesses, even as loan growth remained flat and other fee income categories declined. ... Read full article

The new tax law took a one-time bite out of fourth-quarter results, but higher rates strengthened yields and new business boosted fee income. ... Read full article

Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them. ... Read full article

Sundie Seefried is high on pot banking. Hollywood is not so sweet on the former SBA head's bid for Weinstein Co. Another woman takes on Mick Mulvaney in court. And what's shushing women on Wall Street with stories to tell? Arbitration, for one ... Read full article

The Protocol for Broker Recruiting, signed in 2004, was designed to mitigate lawsuits when advisers left to join a competitor. Recent high-profile defections have raised concerns that the accord could unravel. ... Read full article

Canadian Imperial Bank of Commerce said it expects earnings contributions from its U.S. businesses to almost double to 17 percent in the next three years as the lender integrates its acquisition of Chicago-based PrivateBancorp. ... Read full article

Recent growth has come through acquisitions, including the 2015 purchase of a transportation finance business from General Electric and the 2011 takeover of Milwaukee-based Marshall & Ilsley. ... Read full article

Mike Warriner joins the bank with a focus on setting its digital platform strategy. ... Read full article

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission. ... Read full article

Dinesh Chopra is online bank's first-ever chief strategy officer. ... Read full article

Even as women make up an increasing share of potential clients in the private wealth sector, only a small percentage of financial institutions are reaching out to them. ... Read full article

The Lafayette, La., company also reported its third-quarter earnings, which fell by more than 41% from a year earlier as it recorded several one-time charges. ... Read full article

The Illinois company, four months removed from its last bank acquisition, just announced the biggest purchase in its history. Alpine Bancorp. will add low-cost deposits and scale to Midland States' wealth management business. ... Read full article

Morgan Stanley’s net income rose 12% to $1.8 billion, or 93 cents a share, from $1.6 billion, or 81 cents, a year earlier. ... Read full article

Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets. ... Read full article

John Flint, HSBC's current retail chief, will take the helm next February; asset manager BlackRock has added $1 trillion of assets in the past year, or more than $1.5 billion every business day. ... Read full article

Wondering who is new to the rankings of the Most Powerful Women in Banking and Finance? Here’s an overview of the changes. Plus we recap all of the stories so far, including the top team winners, a feature on CIT Group’s Ellen Alemany, and New York ... Read full article