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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It’s been a long tail for the firm that began with the 2016 revelation that employees had opened millions of fake accounts to meet sales goals.
January 27 -
“The bank had better tools and systems to detect employees who did not meet unreasonable sales goals than it did to catch employees” engaging in misconduct, the regulator said.
January 24 -
The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.
January 23 -
Some of Wall Street's most prominent executives have this in common: a long tenure.
January 22 -
The arbitrators based their ruling “on the defamatory nature of the information.”
January 22 -
The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.
January 14 -
The bank was accused of infringing on another firm's patent for a mobile deposit system.
January 13 -
The regional broker-dealer is among the industry’s most aggressive recruiters.
January 10 -
“Everything’s on the table for consideration,” the bank's chief financial officer told investors. “He’s certainly not beholden to decisions that we made previously.”
December 27 -
“Wells Fargo does not appear close to putting its Washington troubles behind it,” Cowen analyst Jaret Seiberg wrote in a note.
December 24 -
Competitors such as Merrill Edge have taken similar measures on commissions.
December 12 -
Core payout rates for advisors will not change, but the wirehouse is making changes intended to spur advisors to focus on larger clients.
December 12 -
It has been a banner year for regional BDs as more than 400 planners joined the fold, according to hiring data analyzed by On Wall Street.
December 9 -
Some advisors may see their pay rise in 2020.
December 6 -
Scott Powell will oversee the bank’s relations with regulators as it seeks to shed a Federal Reserve-imposed asset cap.
December 3 -
Economic factors like changes to the tax code are behind nearly a quarter of all recent giving, according to a new survey.
November 20 -
Allen Parker led Wells Fargo during its six-month search for a new chief executive officer.
November 14 -
The hiring marks Charlie Scharf’s first major leadership appointment since he took over the embattled bank last month.
November 11 -
The regional BD has been picking off talent from its largest wirehouse rivals on its recent hiring streak.
November 7 -
Female-founded startups receive less that 3% of all global funding, a report found.
October 25
