Branch banking

On the same day, the OCC faulted the bank for engaging in an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years.

Wirehouse and regional advisers can help honor the industry's top leaders.

The bank will add "targeted talent that will play more of an advisory rather than transaction-oriented role," says SunTrust's CFO.

Executives also estimate how much of their advisory force will quit in the wake of the DoL rule.

The firm's latest hire had spent 17 years at Raymond James and its predecessor firm, Morgan Keegan.

Stephens recruited an executive with more than 30 years experience, whose career includes stops at Wells Fargo, Credit Suisse, Lehman Brothers, PaineWebber and Merrill Lynch.

The new recruit previously worked at U.S. Capital Advisors, an independent wealth management firm.

The move limits the bank’s ability to make golden-parachute payments and requires regulator approval before executives are hired.

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

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.

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.

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

Doubling revenue within three years can mean taking chances — but that doesn't faze Christopher D. Davidson, a man who jumps out of perfectly good airplanes just for fun.

The recruit also previously worked for Morgan Stanley, Merrill Lynch and RBC.

The veteran supervisor got his start at Merrill Lynch in the early 1980s.

Here are several factors recruits should consider to find their best fit, according to a leading recruiter.

These adviser bosses have qualities that help them grab top talent for their firms, says recruiter Mark Elzweig.