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Mr. Sloan's second full year atop the embattled bank brought more problems. Scandals, including the opening of millions of bogus accounts to meet sales goals, prompted the Federal Reserve to ban the firm from expanding assets beyond 2017 levels. Sen. Elizabeth Warren, a Massachusetts Democrat who's running for president, was among lawmakers to demand Mr. Sloan's ouster.
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Shares of Wells Fargo tumbled 24% last year, compared with the 20% decline of the 24-company KBW Bank Index.
Mr. Sloan, 58, has undertaken changes at the bank since taking the top job, working to root out and fix past problems and prevent new ones. The bank has said he has the full support of the board.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
