The firm set aside a record $9.5 billion for credit losses, about $4 billion more than analysts had expected, as it braces for a wave of coronavirus-related defaults.

U.S. officials have raised questions about the security of TikTok, which is owned by Chinese company ByteDance.

The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.

Some of the defecting advisors had been long-time advisors at their former wirehouse before making the move.

The bank says an announcement on how far the current 51-cent payout would drop is expected in mid-July.

The wirehouse added more than a dozen advisors in the last month managing more than $1 billion in client assets.

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's name.

Newly released documents highlight the challenges that Carrie Tolstedt and four co-defendants are likely to confront as they face civil charges involving sales misconduct at the bank.

Members of the bank’s operating committee will be evaluated annually on how much they have increased representation and inclusion of diverse employees in the operations they oversee.

The newly independent advisor oversaw $92 million in client assets.