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Major US bank becomes first to have a unionized branch
Workers in Albuquerque vote to join union, Alaska branch could be next.
More Wells Fargo execs follow Kowach to startup
Launched over the summer, &Partners is replete with executives from Wells Fargo Advisors.
SEC keeps up pressure on firms’ cash sweep accounts
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Wells Fargo Q3 earnings beat estimates
The firm raised its full-year guidance again as it continues to benefit from higher interest rates.
Osaic nabs veteran Wells Fargo group managing $600 million in Michigan
Labor Day weekend is a traditional time for financial advisors to leave one firm and be recruited by another.
Wells Fargo shares jump after Q2 results exceed estimates
Bank's net interest income soars on back of Fed rate hikes.
Advisor movement continues to slow, but there’s a bright spot
Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.
LPL adds $210 million team from Wells Fargo
The father-son duo of Jeffrey and Justin Katz are joining LPL’s employee channel and will operate as Katz Wealth Advisors of LPL Financial.
Many shareholder resolutions this year target workers’ well-being
Investors have filed more than 140 shareholder resolutions this year, pressing companies to improve employees’ health and safety.
Wells Fargo no longer reports how many financial advisors it employs
The company's new policy on head count, made clear in its first-quarter earnings report, aligns with decisions made by Morgan Stanley and Bank of America.
Six biggest banks on Wall Street failing key ESG test, study says
JPMorgan, Bank of America, Citigroup are listed as falling short in an analysis by Ceres and the Transition Pathways Initiative.
First Republic team managing $1 billion joins RBC
The trio of advisors will operate as the Todd Halbrook and Adam MacDonald Wealth Management Group in Newport Beach, California.
First Republic gets $30 billion in fresh deposits in bank rescue
The plan, which the banks devised with US regulators, is meant to stave off a widening panic in the wake of regulators' seizure of Silicon Valley Bank and Signature Bank over the past week.
Major banks in talks to deposit up to $30 billion with First Republic
JPMorgan, Citigroup and Bank of America are among the big banks that are part of the discussion. Details of the rescue may be announced as soon as Thursday.
Wells Fargo latest to face probe of use of messaging apps
The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.
Wells Fargo Advisors ended 2022 with stable advisor head count
Advisors at Wells Fargo have been under a cloud since 2016, when the bank's fake-account scandal erupted.
Wells Fargo to pay $3.7 billion for mistreating customers
The bank's settlement with the Consumer Financial Protection Bureau deals with a variety of allegations and includes a $1.7 billion fine that's the biggest in CFPB history.
Wells Fargo in discussions with regulator to resolve investigations
The firm is in talks with the Consumer Financial Protection Bureau regarding cases involving automobile lending, consumer-deposit accounts and mortgage lending.
Wells Fargo’s advisers maintain revenue despite difficult markets, shrinking head count
The wirehouse employed a total of 12,011 financial advisers at the end of September, a loss of 173 advisers in Q3.
CEO Scharf sees ‘several years’ of regulatory work ahead for Wells Fargo
The bank remains committed to turning itself around after a series of scandals, but implementing all its plans will take time, Scharf said in prepared testimony for a congressional committee hearing.
