Wealth management

Northern Trust adds to assets under management and custody, raising 1Q profit

04/17/18

The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

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Wells Fargo sales push extended to wealth unit, ex-workers say

04/05/18

Some clients of Wells Fargo's wealth-management division were steered into investments that weren't always in the best interests of clients, according to several people familiar with the unit.

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Apathy, blind spots and fixes: 10 insights on workplace harassment

03/28/18

Which industries have the highest prevalence of unwanted sexual conduct in the workplace? Will the #MeToo movement have a lasting impact? Key findings from a SourceMedia survey.

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Umpqua beefs up wealth business in Southern California

03/22/18

The Portland, Ore., company has hired four private bankers from City National as part of a broader effort to provide a full range of services to business owners and high-net-worth households in Orange County and San Diego.

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Rosemary Berkery, a member of UBS’ ‘Merrill mafia,’ to retire

03/21/18

Berkery, the chairman of UBS Bank USA, will be succeeded by Michael Blum. Berkery, a Merrill Lynch alum, was part of the turnaround team at UBS' wealth management unit, and during her tenure, the lending book at its bank more than doubled in size.

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Banks fall short in providing financial advice consumers want: Survey

02/26/18

One problem is that banks are shifting to online and mobile channels for delivering advice, which is inferior to in-person communications, according to a recent survey conducted by J.D. Power.

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PrivateBank deal helps CIBC avoid being 'too Canadian'

02/22/18

Canadian Imperial Bank of Commerce’s push to be less domestically focused is showing signs of success, thanks to its June takeover of Chicago-based PrivateBank.

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Beyond ADA: An effort to help the disabled access mainstream banking

02/20/18

A public-private coalition, including Citigroup and disability advocates, is testing financial literacy strategies in New York City that they hope will be used nationwide to improve the financial lives of Americans with disabilities.

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Three M&A deals in seven months for Associated

02/15/18

Associated Banc-Corp has agreed to buy an insurance broker in Milwaukee after unveiling agreements to buy a community bank last summer and a Chicagoland wealth management firm in the fall.

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Union in Va. adds heft in wealth management with latest acquisition

01/30/18

The company will add $600 million in assets under management when it buys a Roanoke, Va., firm.

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