Three advisers opened a new office for the independent firm, which is affiliated with Raymond James.

Wells has long touted cross-selling as the reason behind its success. But revelations of a cutthroat sales culture and phony accounts have undermined its credibility.

Pressure from lawmakers is intensifying on the bank. The SEC was also asked to investigate, and the SBA was asked for information about its own enforcement actions.

Carrie Tolstedt, formerly in charge of the community banking unit, and the wirehouse's board were named in the litigation.

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

Bad behavior on the part of humans could open opportunities for artificial intelligence to act as risk management checks in financial firms.

The Massachusetts senator and other politicians blast John Stumpf’s handling of the cross-selling scandal.

Wells Fargo Chief Executive John Stumpf arguably faces the challenge of his career on Tuesday as he appears before the Senate Banking Committee to answer criticisms that he and other top bank executives should have detected and stopped millions of phony accounts from being opened.

Lobbyists who’ve been bashing away at Washington’s latest effort to regulate Wall Street pay may find the lender just grabbed the hammer from their hands.

John Stump, once seen as the All-American Main Street banker, is now battling to restore the bank's reputation.