Banking

Robert Peyreigne was hired to fill the role after Michael Armstrong departed Jefferies for RBC earlier this year.

The second wirehouse deal for the digital advice startup comes after announcing a blockbuster partnership with UBS.

One of the bank's new offerings is aimed at clients with balances between $50,000 and $199,999.

Although a partisan battle over internet access predated Trump’s candidacy, he provided a key boost to the issue, setting a stage for a larger fight still to come.

The payments industry is driving fintech investment worldwide, influencing related disciplines such as data security and mobile banking.

Several senators conducted their own review of FINRA reports and said they found that Wells Fargo had “ample information” about the severity of the bogus account practices for years.

This may be the largest financial transaction an adviser will handle.

The recording casts doubt on the CFP Board's claim that all CFPs are fiduciaries.

Unlike other scandals in recent years involving foreign exchange rates and the London Whale, Wells' employees falsifying accounts and charging unfair fees is easy to grasp.

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

A new pilot program will test whether clients will be drawn to a voice-controlled technology the retailer's customers know as Alexa.

CEO Wayne Bloom says the threat of lawsuits in the wake of the new regulation prompted the change, which could be a first among IBDs.

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.

Strong growth in deposits and mobile users, as well as questions concerning Wells Fargo, had BofA executives addressing the notion of scaling back branches.

The bank has already taken action in instances of staff misbehavior, according to Chief Financial Officer Marianne Lake.

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.

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.

Assets in college savings plans named for an obscure section of the tax code hit a record this summer, totaling $266.2 billion, up 5.1% year-over-year.

The compensation loss is the biggest for a major U.S. bank chief since the 2008 financial crisis.