News Topic: Wealth management

Many women see their highest pay at an earlier age than men, take more career breaks, and live longer. Krawcheck just got $34 million to work on that. ... Read full article

Wells Fargo, PNC and others are finding that the web seminar is an effective way to promote themselves through advice and useful content aimed at consumers and business clients. ... Read full article

Marbue Brown will oversee customer experience in Chase’s branch network, call centers and digital and mobile platforms. ... Read full article

The New Jersey company has agreed to acquire Quadrant Capital to expand in its home state. The company recently bought Murphy Capital. ... Read full article

Deutsche Bank AG plans to consolidate its global wealth management operations, despite the negative effect on client assets in some locations. ... Read full article

The Canadian bank blamed flat profits at its U.S. business, which includes Chicago-based lender BMO Harris Bank, partly on Washington gridlock that has stalled pro-business reforms. ... Read full article

With the deadline for a federal-debt-limit renewal nearly a month away, bankers are dreading the prospect of higher funding costs, strained liquidity, weaker commercial loan demand and other ramifications if Washington does not act. ... Read full article

Big banks north of the border are rapidly expanding their U.S. wealth divisions, competing with their stateside peers for higher-income clientele. ... Read full article

One untapped resource is appealing to investors to allocate more of their private wealth to companies with successful gender diversity programs. ... Read full article

The global bank’s U.S. unit has bounced back, aided by growth in deposits and wealth management profits as well as a focus on international customers. A $125 million investment in tech and branches hasn’t hurt either. ... Read full article

As an investment community, we have to realize that any system with 90% homogeneity is vulnerable, while diversity makes the system more resilient. ... Read full article

The new Citigold program for affluent customers is more than a product — it is the centerpiece of Citigroup's vision for the future, which will also rely on branch closures and sophisticated apps. ... Read full article

A profile of New York's superintendent of banking offers insight into her thinking on hot regulatory issues; the women behind the machine learning at Morgan Stanley and UBS see a future with better advice; plus, Jane Austen and the new Doctor Who. ... Read full article

Second-quarter profit improved modestly at Northern Trust as severance costs offset growth in trust and institutional services. ... Read full article

Convinced that clients want as much human interaction as ever, the Wall Street firm is using machine learning to help its financial advisers stay informed and work efficiently. ... Read full article

Scharf, a former Visa CEO and JPMorgan executive, succeeds Gerald Hassell as leader of Bank of New York Mellon. ... Read full article

Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy. ... Read full article

A community bank gets taken to task by the Equal Employment Opportunity Commission. Tennis player Andy Murray makes his mom — and lots of other women — proud at Wimbledon. Also, the Bank of England's Charlotte Hogg and Morgan Stanley's Naureen ... Read full article