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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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 -
The firm failed to promptly liquidate his $3 million brokerage account, the client's lawyer argued during the hearing.
September 28 -
The compensation loss is the biggest for a major U.S. bank chief since the 2008 financial crisis.
September 28 -
Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.
September 27 -
The wirehouse's newest recruits operate from two offices on both coasts.
September 26 -
CtW Investment Group joins U.S. lawmakers and other labor activists demanding senior-level accountability after the bank opened accounts without customers’ authorization.
September 26 -
Three advisers opened a new office for the independent firm, which is affiliated with Raymond James.
September 26 -
Wells has long touted cross-selling as the reason behind its success. But revelations of a cutthroat sales culture and phony accounts have undermined its credibility.
September 23 -
Pressure from lawmakers is intensifying on the bank. The SEC was also asked to investigate, and the SBA was asked for information about its own enforcement actions.
September 23 -
Carrie Tolstedt, formerly in charge of the community banking unit, and the wirehouse's board were named in the litigation.
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