Bank Channel

Nunag will oversee client relationships, product development, marketing and sales in the New York City area.

The overwhelming majority are planning for the rule to go into effect as scheduled, with only 5% slowing down their preparations.

The Korean-American bank will look to the firm to grow its wealth management program and adviser force.

The bank announced that its retail brokerage arm will move to a level-fee pricing model for customer retirement accounts by April 10.

Tim Sloan acknowledged that there may have been instances in which employee complaints related to the bank's cross-selling practices may have been mishandled.

Experts and advisers weigh in on what to expect and how to discuss the future.

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 regulator is asking firms to provide details of their cross-selling programs, including incentives offered brokers and other employees.

The bank has undertaken a detailed review of its practices, policies and procedures but has not to date uncovered any systemic, cultural or operational areas of concern.

Unlike other scandals in recent years involving foreign exchange rates and the London Whale, Wells' employees falsifying accounts and charging unfair fees is easy to grasp.