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 advisers made the move in the wake of new regulatory guidance which takes aim at recruiting deals.
November 2 -
The regional firm’s latest recruit spent 16 years at the wirehouse.
October 26 -
The new CEO said the aggressive sales goals – which were ditched earlier this month – served the interests of neither clients nor branch employees.
October 26 -
Regulators are looking to ensure Wells Fargo’s scandal over unauthorized customer accounts isn’t being repeated at other institutions.
October 25 -
Wells Fargo appears to have offered two different reasons for why it failed to inform investors about the investigation into 2 million phony accounts.
October 25 -
One recruit started in the industry more than two decades ago.
October 25 -
The new recruits come from Morgan Stanley and Wells Fargo Advisors.
October 24 -
Prosecutors served a warrant seeking names of employees who opened unauthorized accounts, as well as the bank’s fee structure and a calculation of losses suffered by affected customers.
October 20 -
Strong growth in deposits and mobile users, as well as questions concerning Wells Fargo, had BofA executives addressing the notion of scaling back branches.
October 18 -
They seem to be everywhere, but there is every reason to believe that clients overwhelmingly still want to deal with human beings.
October 18 -
J.P. Morgan Chase, Citigroup, First Republic and Bank of America were among the institutions questioned on the issue of incentive compensation.
October 17 -
Net income for the wealth management unit rose to $677 million from $606 million for the year-ago period.
October 14 -
The bank has already taken action in instances of staff misbehavior, according to Chief Financial Officer Marianne Lake.
October 14 -
Wall Street analysts are divided on how much a changing of the guard will help; lawmakers on Capitol Hill say it's not enough.
October 13 -
The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.
October 12 -
Industry experts survey the field of potential suitors.
October 12 -
A tale of two banks emerges from a hearing on Wells Fargo's phony account scandal; one calls the problem an aberration, the other routine.
October 12 -
The Wells Fargo scandal has given the sale of loan and bank products a bad name, but experts say that, done right, it is a crucial revenue driver.
October 12 -
The firm's latest recruit has more than three decades of industry experience and previously worked at Wells Fargo Advisors.
October 12 -
The main objection seems that regulators just don't like the unseemly business of selling products to customers who might not want them.
October 5
