Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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A net 236 brokers left the wirehouse in the three months ending in March, the company said in its latest quarterly report.
April 14 -
Lisa Quadrini had worked with the practice during her earlier tenure with Merrill Lynch, and she’s now launching its new office.
April 13 -
The largest brokerages typically make comp changes that are ‘evolutionary, rather than revolutionary.’
April 7 -
“The name may change but our commitment to the business, our clients and our advisors serving these clients is steadfast,” said division head Barry Sommers.
March 12 -
The bank had nearly 270,000 employees at the end of last year.
March 5 -
The unit has $603 billion of assets under management and employs more than 450 investment professionals.
February 23 -
The bank is winding down the roughly $40 billion international segment of its wealth management business.
February 8 -
Net interest income, the firm’s biggest source of revenue, sank 16% last year.
February 1 -
“As of today, Wells Fargo Advisors is not allowing solicitation of those two securities,” a spokesperson for the bank said Wednesday.
January 28 -
CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.
January 15 -
To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.
January 15 -
Policy changes could deprive some politicians of significant campaign funds.
January 12 -
The firm’s chief executive began setting the stage last year when he broke the company’s three business lines into five.
January 5 -
The firm has about 200,000 staffers doing their jobs from home, a spokesman said.
December 17 -
The unit could fetch more than $3 billion, according to people familiar with the matter.
December 15 -
Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.
December 10 -
The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.
November 19 -
Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal. Former community bank head Carrie Tolstedt did not agree to a settlement and is now facing a lawsuit that alleges she committed fraud.
November 13 -
It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.
November 5 -
The firm expects to receive bids this month, according to a person familiar with the matter.
October 23
