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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The $230 million team — comprised of two former NHL players — moved over from the firm’s employee brokerage unit.
May 15 -
Advisors from rivals Merrill and Wells Fargo will join the firm. “Our recruiting pipeline is robust," an executive says.
May 10 -
The firm hopes the changes reflect its image as a “powerful, innovative and unified provider” of investment products, according to co-CEO Nico Marais.
April 30 -
Promising its tech will provide more features than any target date fund, the investment research giant makes a play for the advisor-managed account market.
April 24 -
C. Allen Parker was interrupted more than a dozen times as he tried to deliver opening remarks at the bank's its annual meeting.
April 24 -
With the board still conducting a hiring search, the strategy for fixing past problems and returning to revenue growth remains in flux.
April 22 -
Headcount is down more than 1,250 since a fake accounts scandal came to light in 2016.
April 16 -
PR campaigns won’t be enough to salvage the bank’s reputation after a series of scandals. Instead, it should look into adopting a new name, among other crucial steps.
April 10 -
The bank has been paring smaller business lines since scandals began erupting from its branch network in 2016.
April 9 -
Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.
April 7
