Bank Channel

The bank lured two professionals who will work with high-net-worth clients with at least $3 million in investable assets.

The rep neglected to tell Wells Fargo that a 97-year-old client had named him as beneficiary and co-executor of her estate.

The regulator was looking into customer complaints and arbitration claims that rep engaged in unsuitable trading.

California Credit Union and North Island Federal Credit Union consolidated their investment programs in anticipation of their merger in March.

The senior's investments were overly concentrated with as much as 95% of her portfolio invested at times in oil and gas master limited partnerships.

The exec will lead the private banking business across 10 markets.

Ben Ollendick will focus on new business development and lead a team of advisors serving clients with a net worth of more than $75 million.

The bank completed the acquisition of a local insurance agency without the executive hired to grow the bank's insurance business.

Since investment programs are a small portion of an institution’s overall business, demonstrating the benefits to deposits and loans is instrumental in gaining support.

The advisor reportedly sold $48,500 worth of securities in a purported computer products wholesaler without disclosing the transactions to his then employer, J.P. Morgan Securities.