The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

Bad behavior on the part of humans could open opportunities for artificial intelligence to act as risk management checks in financial firms.

The Massachusetts senator and other politicians blast John Stumpf’s handling of the cross-selling scandal.

Wells Fargo Chief Executive John Stumpf arguably faces the challenge of his career on Tuesday as he appears before the Senate Banking Committee to answer criticisms that he and other top bank executives should have detected and stopped millions of phony accounts from being opened.

Lobbyists who’ve been bashing away at Washington’s latest effort to regulate Wall Street pay may find the lender just grabbed the hammer from their hands.

John Stump, once seen as the All-American Main Street banker, is now battling to restore the bank's reputation.

The bank’s president Tim Sloan has been meeting with members of Congress and their staffs in Washington, said people with knowledge of the discussions.

One of the recruits began his career in the late 1980s.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

The lender eliminated production goals in effort to reassure regulators, lawmakers and customers after employees opened more than 2 million accounts without clients’ approval.

The bank can adapt to adjustments needed to deal with claims it opened 2 million customer accounts without authorization, according to CFO John Shrewsberry.

The penalty is the largest ever imposed by the Consumer Financial Protection Bureau.

The wirehouse's three newest recruits are all industry veterans.

Peter Danilaitis worked at Home Depot almost a dozen years ago. Building on that experience, he's become one of the top leaders in wealth management.

The case is the latest related to alleged misconduct by a barred wirehouse broker who was also a nightclub owner.

Three advisers joined the firm's Advisor Select channel, where they are employees but can make additional business-decisions for their practice.

The firm's newest recruits come from boutique brokerage J.P. Morgan.

The adviser was also ordered to pay $300,000 to cover Wells Fargo's legal fees.

The group includes two recruits who began their careers in the late 1970s.

A proposed 22.3% increase in Medicare Part B premiums, if approved, will automatically be deducted from retirees' monthly checks.