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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The former general counsel has signaled interest in staying on.
June 14 -
The regional BD has maintained a steady influx of wirehouse advisors.
June 13 -
It was accused of pushing nearly 250,000 unaware customers into delinquency.
June 7 -
The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.
May 28 -
While the wirehouse has suffered from advisor attrition, the regional BD has grown its brokerage ranks.
May 22 -
The $230 million team — comprised of two former NHL players — moved over from the firm’s employee brokerage unit.
May 15 -
Advisors from rivals Merrill and Wells Fargo will join the firm. “Our recruiting pipeline is robust," an executive says.
May 10 -
The firm hopes the changes reflect its image as a “powerful, innovative and unified provider” of investment products, according to co-CEO Nico Marais.
April 30 -
Promising its tech will provide more features than any target date fund, the investment research giant makes a play for the advisor-managed account market.
April 24 -
C. Allen Parker was interrupted more than a dozen times as he tried to deliver opening remarks at the bank's its annual meeting.
April 24 -
With the board still conducting a hiring search, the strategy for fixing past problems and returning to revenue growth remains in flux.
April 22 -
Headcount is down more than 1,250 since a fake accounts scandal came to light in 2016.
April 16 -
PR campaigns won’t be enough to salvage the bank’s reputation after a series of scandals. Instead, it should look into adopting a new name, among other crucial steps.
April 10 -
The bank has been paring smaller business lines since scandals began erupting from its branch network in 2016.
April 9 -
Since Wells Fargo’s phony-accounts scandal broke in 2016, the bank has appeared contrite in public. In private, it’s a different story.
April 7 -
J.D. Power’s annual survey of self-directed investors displayed generational differences and the impact of equity volatility.
April 4 -
The bank's decision to select its general counsel as successor to Tim Sloan, albeit on a temporary basis, focused attention on its frayed relationships with the Federal Reserve and the OCC.
March 29 -
The chairwoman of the House Financial Services Committee said Tim Sloan's resignation as CEO was "long overdue" but that other executives and directors should be removed as well.
March 29 -
The bank's general counsel is temporarily in charge of an external search for a new CEO.
March 29 -
Tim Sloan couldn't hang on any longer. Here are insights about why he left now, what role policymakers played in the decision and will continue to have in the company's future, and who in the world would want to lead Wells Fargo.
March 28