Alterations include higher hurdles for cash pay, a grid stretch for deferred compensation and new bonuses.

The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.

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.

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.

The firm expects to receive bids this month, according to a person familiar with the matter.

The firm determined that the staffers defrauded the SBA “by making false representations in applying for coronavirus relief funds for themselves.”

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

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.

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

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