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 bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.
July 16 -
The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.
July 16 -
Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation.
July 12 -
Six months in, the wirehouse is taking an unusually hands-on approach in its first foray into the RIA space.
June 24 -
The fate of Mary Mack is drawing attention because there are so few women within reach of the CEO suite across the nation’s 10 biggest banks.
June 21 -
The regional BD continues its accelerated expansion with the addition of three ex-wirehouse teams, including a father-son duo.
June 19 -
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




















