Wells Fargo
Wells Fargo Hits Limit in Making Business Loans
Wells Fargo & Co. said it can’t fully meet demand from small businesses rushing to participate in a U.S. relief program because of constraints imposed by the Federal Reserve on the bank’s growth.
Wells Fargo Collects $715K from Connecticut Broker
Arbitrator orders broker now with LPL Financial to repay the loan balance on his recruiting bonus.
Morgan Stanley Delays Tougher Pay Hurdles, Wells Stays Higher Customer Fees
Deferring to coronavirus challenges, Morgan Stanley delays grid changes that will lower some advisors’ pay, and Wells postpones fee it plans to charge customers who keep less than $500,000 in brokerage accounts.
$2-Million Merrill Producer in L.A. Moves Mid-Crisis to Rockefeller
Move on Monday followed that of a 19-year Ameriprise veteran in San Diego on Friday to Wells Fargo.
Wells Fargo Shifts More Senior Leaders from Wealth to Retail Banking
Three members of Wells Fargo Advisors’ operating committee leave as the company fills two to key positions in its consumer bank while a new hand takes over Abbot Downing.
Merrill Teams, Including One Led by 50-Year Vet, Change Jerseys
Rhode Island broker believes he can more easily transition his book to his son at Ameriprise, while colleagues in Alabama and California take Wells Fargo deals.
Lincoln Financial Quarantines Advisors/Employees Who Attended Conference
Independent broker-dealer held national meeting at conference center attended by a person who contracted the coronavirus.
Back in the Game: Morgan Stanley Adds Brokers with More than $14 Mln
J.P. Morgan Securities trio in New York producing $9.5 million, $4.5 million Wells advisor in Pennsylvania and Merrill veteran in DC jumped last week amid market tumult.
CoronaCrash: Merrill Lost Market-Data Feed Amid Rout, Wells San Fran Broker Quarantined
FactSet, the main feed of market data to Merrill Lynch brokers, went down early Monday due to overwhelming market volume, Robinhood failed again and a Wells advisor is quarantined.
Broker Seeks Opt Out from Wells Fargo’s $79 Mln Deferred-Comp Settlement
Asks court to let her and other former Wells brokers in California and North Dakota to recover more deferred compensation by escaping from class-action settlement.
Wells to Double Brokerage Account Minimums to Qualify for Fee Waiver
To avoid $300 account fee, brokerage accounts per household must total $500,000 as of June 30, up from $250,000.
