PNC

The sixth-largest U.S. bank has big plans to grow its private bank by developing young talent, as it prepares to target many of the hottest markets for young wealth.

The U.S. lender was able to sell its stock within four days of discussing its plans, BlackRock CEO Larry Fink says.

“It is shocking — never seen anything like it in my 40 years as a lawyer,” the wealth manager's attorney said.

The wealth manager claimed bank management knew a customer had a history of sexual harassment, but allowed him to continue doing business at the branch anyway.

The former general counsel has signaled interest in staying on.

The rep mismarked 105 trades in five PNC customer accounts as unsolicited when in fact they were solicited, FINRA claimed.

Advancements in fintech, new products and a shifting regulatory environment are among industry executives' top concerns.

Rapid developments in financial technology are among the industry’s top operational challenges, asset managers say.

At least 14 executives have accepted posts this year leading wealth management and related investment services groups at several financial institutions, including HSBC, PNC Bank and Wilmington Trust. Find out who they are and what their new roles entail.

The executive will lead PNC’s wealth business beginning in June.