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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Tim Sloan stepped down effective immediately amid mounting pressure over the lender's scandals.
March 28 -
The embattled executive says the nation’s fourth-largest bank “will benefit from a new CEO and fresh perspectives."
March 28 -
The Massachusetts Democrat has repeatedly called for Tim Sloan’s ouster due to the bank's scandals that first came to light in 2016.
March 25 -
The bank said Tim Sloan has the full support of its board following a report that directors had reached out to Goldman Sachs’ former CFO.
March 22 -
The losing firms? Morgan Stanley and Wells Fargo.
March 14 -
While Tim Sloan’s total compensation was the smallest among CEOs of the six biggest U.S. banks, his salary was the largest.
March 14 -
In a tense back and forth with lawmakers, the embattled CEO pushed back on claims that the bank still pressures employees to hit sales targets and retaliates against those who speak up.
March 12 -
The RIA divisions of Raymond James and RBC are also among the companies that self-reported.
March 11 -
An ex-boss allegedly remarked that he favored younger advisors, saying: "They have what others in the office don't have – youth," according to a new lawsuit.
March 7 -
The bonus aims to help the firm cope with the industry’s aging demographics, executives say.
March 6 -
Elena Milianta joined the firm’s Alex. Brown division, which caters to wealthy clients.
March 1 -
The company said it might have to spend as much as $2.7 billion to resolve a variety of investigations and other legal troubles.
February 28 -
The bank's top critic makes it sound so easy.
February 22 -
After half a century, Christopher Sargent is making his first career change.
February 14 -
“We got to the point where we wanted a pure fiduciary relationship with clients,” Perry Mattern says.
February 12 -
House prices in the area, already home to Bank of America and Wells Fargo’s East Coast hub, have jumped almost 50% since 2012 and rents downtown have soared.
February 11 -
The bank says it has restored access, but it hasn’t explained how a fire-suppression system at one facility could cause a nationwide outage across all of its channels, or how its system as a whole could have been left so vulnerable to the incident.
February 8 -
Customers reported being unable to access online banking, mobile banking or their debit cards.
February 7 -
Raymond James's culture and "access to leadership" were among motivators advisors cited for their moves.
February 4 -
The bank pledges to handle customer complaints better and reexamine its lending practices.
February 4
