The bank is winding down the roughly $40 billion international segment of its wealth management business.

Net interest income, the firm’s biggest source of revenue, sank 16% last year.

“As of today, Wells Fargo Advisors is not allowing solicitation of those two securities,” a spokesperson for the bank said Wednesday.

CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.

To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.

Policy changes could deprive some politicians of significant campaign funds.

The firm’s chief executive began setting the stage last year when he broke the company’s three business lines into five.

The firm has about 200,000 staffers doing their jobs from home, a spokesman said.

The unit could fetch more than $3 billion, according to people familiar with the matter.

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.

Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."