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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“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 -
The team joined AdvicePeriod, which has more than two dozen advisors and $2.2 billion in AUM.
February 4 -
The bank is targeting advisors with $100 million or more in assets.
January 30 -
The senator’s presidential ambitions are becoming another headache for the Wells Fargo CEO.
January 30 -
The firm has jettisoned a longtime strategy of growing its own leaders.
January 28 -
The division’s chief investment officer and head of multi-asset solutions will take over in the interim as co-heads.
January 22 -
An analyst expects “solid” recruiting figures for the fourth quarter after the No. 1 IBD added the five-advisor group plus an ex-Raymond James bank program.
January 17 -
The firm has lost more than 1,100 advisors since a phony accounts scandal came to light in 2016.
January 15 -
For investors who were hoping for a turnaround quarter, better luck next time.
January 15 -
They’re going into the season with weaker earnings expectations as they contend with a pileup of share downgrades.
January 10 -
The company has its incentives, but here’s what could be waiting for advisors.
January 2 -
The regional brokerage isn’t slowing down its recruiting efforts.
December 28 -
The cost of Wells Fargo's scandals continues to rise as regulators from all 50 states forced the institution to pay hundreds of millions in penalties for the creation of fake accounts, improper enrollment in life insurance, force-placed auto insurance policies and other activities.
December 28 -
Tim Sloan is finishing a year in which the Federal Reserve told the bank to stop growing, scandals emerged in more divisions, and the stock tumbled 25%.
December 27 -
The firm has recruited 22% more advisors in 2018 than the year-ago period.
December 20
