Wells Fargo & Co., which set aside $2 billion last quarter to deal with legal matters, said it’s in talks with the Consumer Financial Protection Bureau to resolve investigations.
The negotiations cover “a number of CFPB investigations, inquiries and other matters,” including cases involving automobile lending, consumer-deposit accounts and mortgage lending, the San Francisco-based firm said Monday in a regulatory filing.
“There can be no assurance as to the outcome of these discussions,” the bank said.
Wells Fargo said earlier this month that it was setting aside billions for a variety of historical legal matters, including litigation, regulatory cases and efforts to make customers whole.
The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.
The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.
Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.
With more than $13 billion in assets, American Portfolios Advisors closed last October.
Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
