Fewer than 200 staffers were offered different roles in other parts of the company while a handful, including some loan officers, were let go.

SVB Private Wealth, with about $16 billion in assets, is part of the First Citizens' "whole bank purchase" of Silicon Valley Bank.

No fewer than seven M&A deals were announced this week, while three new RIAs launched on industry platforms and three key hires were made in support of growth.

Citi sued Steven I. Taub in New York state court, alleging he was contacting former clients in violation of a 12-month non-solicitation agreement

Geneva-based Brainvest is expanding its offerings to assist a new generation of heirs who live around the world and sometimes spend beyond their means.

According to the SEC, Darryl Matthew Cohen steered the money for his own use and to fund his son’s basketball league.

The situations with First Republic and SVB pose yet another cautionary tale for advisors affiliated with banks.

The London-based asset manager built on a European banking dynasty has opened an office in New York City.