Mary Mack is expected to say that other employees were scared of Carrie Tolstedt, according to the bank’s regulators. Tolstedt, one of five former Wells executives facing civil charges in connection with the bank’s phony-accounts scandal, could be fined as much as $25 million.

The advisors staff the regional BD’s 17th office in Michigan, where it has been on a recruiting streak.

The executive shuffle at the company continues as Credit Suisse America’s Paula Dominick is hired to replace Mike Roemer as chief compliance officer. It also hired or promoted four line-of-business chief risk officers and an enterprise testing leader.

The hires might be short-lived as job-cut moratoria end in the third and fourth quarters.

The fund industry's latest arrivals underline the seismic shifts underway in the business of asset management.

The hires hail from Morgan Stanley and Wells Fargo.

“We do not yet know when we’ll return to a more traditional operating model,” a spokeswoman said.

The pandemic and work-from-home arrangements are probably spurring larger budgets.

As anxious as they may be to take advantage of the opportunity, there are pitfalls and hidden costs, advisors warn.

Democrats Elizabeth Warren of Massachusetts and Brian Schatz of Hawaii have sent a letter to CEO Charlie Scharf demanding a response to news reports that the bank has been placing borrowers into forbearance plans without their consent.