Tim Sloan

Tim Sloan, who rose to CEO in October, received $12.83 million, up from the $11 million he got as COO for 2015, according to a regulatory filing.

The bank's board is considering whether to withhold bonuses for CEO Tim Sloan and Chief Financial Officer John Shrewsberry.

The advisory business ended the year on a strong note, boosted by growth in net interest income, which rose 14% year-over-year.

From regulators to technology providers to CEOs, these are the players who will remake wealth management in 2017.

The new leadership approach differs from almost all of the bank's biggest competitors.

Tim Sloan acknowledged that there may have been instances in which employee complaints related to the bank's cross-selling practices may have been mishandled.

The new CEO said the aggressive sales goals – which were ditched earlier this month – served the interests of neither clients nor branch employees.

Net income for the wealth management unit rose to $677 million from $606 million for the year-ago period.

Wall Street analysts are divided on how much a changing of the guard will help; lawmakers on Capitol Hill say it's not enough.

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.