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Warren asks the Fed to break up Wells Fargo
In the wake of fresh regulatory action and a $250 million fine imposed on the bank this month, the senator asked the Fed to force the bank to separate its traditional bank and Wall Street businesses.
Wells Fargo duo managing $305 million goes indie with LPL
David Crossan and John Stephens Jr. set up shop in Manahawkin and Manchester on the New Jersey shore.
Wells Fargo taps senior female executive for new wealth management role
Heather Hunt-Ruddy previously held the role of head of business development and is remembered by some financial advisers for an apt analogy about Tater Tots.
Wells Fargo fined $250 million over consumer missteps
The Office of the Comptroller of the Currency cited deficiencies in the bank's home-lending business and said it violated a 2018 order tied to past problems.
Wells Fargo adviser managing $190 million joins Baird
Margaret Wilkin is joining a Baird office in Roseville, California.
Adviser managing $300 million at Morgan Stanley joins LPL
Francis Ciocari is affiliating with the firm through super OSJ Gladstone Wealth Partners and will be opening an office in Blue Bell, Pennsylvania.
Four-person Merrill team managing $391 million joins UBS
Brenner Wealth Management Group is based in Santa Barbara, California.
Wells Fargo risks regulatory action over pace of restitutions
Regulators are privately signaling that they're still not satisfied with the bank's progress in compensating victims and shoring up controls.
Wells Fargo team managing $295 million jumps to LPL
Allison Taylor leads the all-female group in Huntington Beach, California.
Ex-Wells Fargo exec fights SEC on fake accounts
Carrie Tolstedt, who was a senior vice president at the bank, cited her constitutional right against self-incrimination more than 100 times in a response filed to an SEC complaint claiming she misled investors.
A father-son $500 million duo at Merrill Lynch moves to RBC
John and Ryan Birkhauser and their team are based in Lake Forest, Illinois.
Wells Fargo duo managing $235 million go indie
The two advisers are affiliating with LPL Financial through its service for breakaway brokers.
LPL, Commonwealth start to gain traction with wirehouse reps
For decades, the prevailing wisdom among recruiters and industry executives has been that wirehouse advisers are far less likely to move to independent broker-dealers than other advisers.
Wells Fargo abandons plan to shut down personal credit lines
In recent days, the lender began informing customers who have been using their personal credit lines that the financing channels will remain available.
Morgan Stanley snags elite Merrill Lynch team in Utah
While Morgan Stanley had backed away from recruiting advisers from direct competitors in recent years, the company has recently returned to the market for top-flight advisers.
Goldman masks, scrutiny at Morgan Stanley as delta spreads
Morgan Stanley just informed its staff that they will soon have to provide proof of having been vaccinated against Covid to enter its buildings.
Adviser managing $215 million at UBS moves to RBC
A mother-daughter team led by Cynthia Hansen joins RBC's Denver Tech office.
Wells Fargo names Steve Black chairman
Charles Noski, who had served as the bank's chairman since March 2020, is stepping down.
BofA banker charged with murder in Michelle Avan’s death
Anthony Turner, a commercial banker, faces one felony count each of murder and first-degree residential burglary, according to the Los Angeles County District Attorney's office. The case remains under investigation.
Morgan Stanley bucks trend of more advisers leaving wirehouses
The company maintained its healthy recruiting pace over the first two quarters of the year even as losses continued to mount among its wirehouse competitors.
