Wells Fargo & Co. is considering a sale of its retirement-plan services business, according to people familiar with the matter.
Private bank and wealth head, who was reportedly being investigated for gender bias, will leave at the end of March “following a long and successful career,” according to an internal memo.
An internal list of 19 open branch and complex positions dwarfs the norm and parallels a high level of advisor attrition over the past two years.
Two Wells Fargo & Co. executives were placed on leave and removed from the firm’s operating committee after they received letters from the Office of the Comptroller of the Currency, according to a person familiar with matter.
Wells asks court to restrain five-person team managing about $600 million from using information they allegedly took prior to their departure in late September.
Wells Fargo & Co. will pay a $65 million penalty to New York state related to its cross-selling practices.
Arbitrators deny broker’s counterclaim for wrongful-termination damages, which he based on a disability claim.
Sales force across brokerage channels has dropped by over 1,000 since September 2016 when fake bank accounts were disclosed.
Florida advisor shifted client assets to a bond account so he could maintain his status as an “international” financial advisor.
Peter Danilaitis, a trouble-shooter who has run the Portland/southern Washington complex for almost four years, will oversee seven branches in Kentucky and Tennessee.
Wells broker who took his Arkansas branch with him to open an independent practice at Raymond James Financial gave interviews to local press referencing his former firm.