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Wells Fargo sees ‘possible’ legal losses rising by $500 million
Bank ups its estimate of how much it might have to spend to resolve investigations and claims related to its scandals.
Wells Fargo CEO Tim Sloan could be hard to oust — here’s why
Poaching a replacement from one of the bank's few peers would probably be costly.
Cross-selling can be lucrative — and dangerous — for big brokerages
Merrill embraces it, while Wells Fargo has moved away from the practice.
Philadelphia sues seven banks over 'collusion’ in municipal bond deals
Banks including JPMorgan and Bank of America conspired to fix prices on floating-rate municipal bonds, according to suit.
Wirehouse culture driving the move to independence
Brokers are rejecting a culture driven by leaders who lack ethics and who have never been advisers.
For Wells Fargo Advisors, finding new clients becoming difficult
New business is 'harder and harder' to bring in the door, says a senior executive.
Wells Fargo rep managing $500 million in Denver joins firm’s RIA channel
Mattern Capital Management will custody with First Clearing, the operations arm of Wells Fargo.
Wells Fargo outage has security professionals puzzled
If the problem was caused by power shutdown, why wasn't a backup activated?
Wells Fargo system outage takes website, app, ATMs offline
The Wells Fargo Advisors website appears online, but customers report being unable to access funds.
Will big recruiting bonuses move reps to these firms in 2019?
Wells Fargo Advisors, LPL Financial and Cetera Financial Group are dangling deals.
Wells Fargo to pay states $575 million over sales practices
The settlement with 50 states and the District of Columbia announced Friday resolves state investigations into Wells Fargo's practices from 2002 to 2017.
Wells Fargo Advisors 2019 comp plan sees little change
But lowest-producing advisers face a pinch in pay.
Wells Fargo says it’s cleaning up its mess. Regulators demand more
Federal Reserve reportedly rejected parts of the bank's turnaround plan.
Wells Fargo Advisors president David Kowach embraces best-interest standard
Executive calls 'fiduciary' an ally, not enemy, and supports a common advice regulation for investment advisers and brokers.
Wells Fargo Advisors loses Virginia team to Raymond James
Betty Schutte-Box and Troy Yenser spent the past five years at the wirehouse in Virginia.
Ultra-rich seek loans in preparation for market downturn
Firms peg loans to billionaires and millionaires as key area for growth.
Finra bars ex-Wells Fargo Advisors broker who just lost arbitration over loan
Terrence R. Puricelli was fired in 2016 over concerns of the accuracy of notes in the firm's system.
Wells Fargo cuts 1,000 jobs across the U.S.
About 900 of the cuts will occur in the bank's home-lending unit, as higher rates and competition cut into that business.
Wells Fargo loses $560 million advisory team to Raymond James IBD
Financial Services & Investment Strategies Group says the move will help reshape and rejuvenate its business.
Wells Fargo reportedly ends investigation of gender bias in wealth management unit
Wealth management head Jay Welker, a focus of many complaints, announced plans to retire on Tuesday
