The Connecticut-based bank announced its release from a formal agreement with regulators. It is pushing to expand in wealthy areas such as Beverly Hills, California, and Palm Beach, Florida.

GENEVA (Reuters) - Competition to hire the best wealth managers is driving up wages and forcing private bankers to recruit from outside conventional circles, with one bank looking to hotel managers to ...

MidFirst Bank's long-term operating philosophy has made it the largest privately owned bank in the nation and one of the strongest and best capitalized.

Private banking is a particular service that provides personalized and comprehensive financial solutions to high-net-worth individuals and families. They offer a more customized and tailored approach.

Citigroup has set tougher performance objectives for its private bankers, with some staff members saying the new demands may be out of reach as the bank tries to strengthen its wealth operation, ...

Merrill Lynch launched on Wednesday a new “wealth management center” in New York, as part of a larger effort to capture market share in the ultra high-net-worth advice business. The move is consistent ...

Owning a sports team was once a guaranteed way either to lose money or to make a little by spending a lot. Today, the world’s wealthiest people are snapping up elite franchises, backed by an army of ...

IN 1994, SWISS private banker Jean Pierre Cuoni paid a fateful call on Spiro Latsis, son of John Latsis, the Greek oil and shipping billionaire. Cuoni was then already in the top echelon of his ...