Organization Root Tag

Charlie Scharf’s insensitive and factually incorrect remark perpetuates a damaging trope, financial advisor Lazetta Braxton writes.

The bank also created a new consumer and wealth-management division co-led by Stephanie Cohen, one of the firm’s most-senior female bankers.

The independent firm has been an aggressive recruiter since its founding in 2013.

The Justice Department filed two counts of wire fraud against the firm but agreed to defer prosecution under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.

The agency would have us take a step backward and limit the use of forward-looking datasets.

The executive who helped guide Goldman Sachs’ embrace of Main Street is giving up his post in a management shuffle at the consumer unit.

A Korean-American entrepreneur claims James Hilbrant told her to “go back to Wuhan.”

Actions hit a nine-year high and restitution climbed to the highest total since 2013 — even before the rule’s heightened scrutiny.

It’s a big decision, and getting it right the first time around can avoid a lot of headaches, experts say.

The company's new agreement with Envestnet Yodlee to share customers' account data over secure pipes is its 17th pact with aggregators and other fintech firms.

The Labor Department has opened the door to using PE as a component of a target date fund held within a DC plan, writes iCapital Network CEO Lawrence Calcano.

As Wells Fargo CEO Charles Scharf himself admitted, it’s an excuse — and a weak one.

In the first half of the year, fewer than a third of U.S. domestic equity fund managers delivered annualized returns that outpaced the S&P Composite 1500.

Based on the “forced experiment” of its remote periodic examinations of broker-dealers, the onsite portion “may not be necessary,” Robert Cook said.

Expenses fell by 20 basis points and risk-adjusted returns climbed 92 bps, according to the study.

Investor advocates, religious groups and proponents of ESG investing argue the changes are a gift to business lobbyists that will muzzle corporate critics.

The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.

“It’s not just a shiny object, it’s really about content,” the firm’s head of ETFs and indexed strategies said.

The firm’s new technology will allow advisors to “get into the weeds” of underlying portfolios with clients.

A State Street fund avoiding crude holdings has beaten the S&P 500 by 3.6 percentage points since its inception, generating an annual return of 12.9%.