Elizabeth Dexheimer

While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.

Several senators conducted their own review of FINRA reports and said they found that Wells Fargo had “ample information” about the severity of the bogus account practices for years.

The request foreshadows how the senator will attempt to influence the next president's cabinet and other key nominations.

The compensation loss is the biggest for a major U.S. bank chief since the 2008 financial crisis.

Pressure from lawmakers is intensifying on the bank. The SEC was also asked to investigate, and the SBA was asked for information about its own enforcement actions.

The Massachusetts senator and other politicians blast John Stumpf’s handling of the cross-selling scandal.

The bank’s president Tim Sloan has been meeting with members of Congress and their staffs in Washington, said people with knowledge of the discussions.

Morgan CFO Ruth Porat was eligible for $14.1 million in unvested restricted stock and $13.8 million in total deferred compensation as of the end of 2014.

Morgan Stanley is shifting top executives at the wealth management and capital markets units to give the firm's leadership broader experience with its main businesses.