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Wells Fargo could be putting more of its focus on wealth management
Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice.
Wells Fargo CEO Tim Sloan gets 5.7 percent pay boost, $2 million bonus
He received $2.4 million in salary and $14 million of restricted stock linked to performance goals.
Wells Fargo CEO Tim Sloan draws bipartisan criticism at tough House hearing
Republicans and Democrats grill Tim Sloan for more than four hours.
Wells Fargo CEO disputes claim the bank is too big to manage
Sloan tells the House Financial Services Committee that Wells is working to address regulators' concerns.
Things to watch as Tim Sloan of Wells Fargo testifies before Congress
House Financial Services committee will grill the CEO Tuesday about the progress he's made in resolving the bank's scandals.
Wells Fargo Advisors sweetens the pot for both older and younger advisers
Under the changes, retiring reps get a 25% bonus and younger advisers get help acquiring the business of those leaving the firm.
Merrill Lynch cross-selling hits the market
The firm is luring clients by reducing interest rates on mortgages by as much as half a percent.
UBS escalates its pursuit of rich Americans with staff promotions
Bank names 96 managing directors in Americas, including 60 financial advisers, as it targets more billionaire clients.
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.
Bank of America said to drop Merrill Lynch name from investment bank
The bank's wealth management unit will use the name Merrill going forward.
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.
Wirehouse culture driving the move to independence
Brokers are rejecting a culture driven by leaders who lack ethics and who have never been advisers.
UBS ordered to pay more than $5.1 billion in French tax case
Bank was found guilty of helping French clients hide assets from tax authorities.
Advisory fees push commissions further into the background
Fee-based advice is not perfect, but most clients prefer it over a commission-based option
For Wells Fargo Advisors, finding new clients becoming difficult
New business is 'harder and harder' to bring in the door, says a senior executive.
UBS dinged by Virginia after broker recommended gold and precious metals securities
The overconcentration of securities was not suitable for some clients, Virginia alleged.
Wells Fargo system outage takes website, app, ATMs offline
The Wells Fargo Advisors website appears online, but customers report being unable to access funds.
Hundreds of advisers with tens of billions in assets left Wall Street in 2018
Wirehouses continued to lose advisers last year, although at a slower pace.
Will big recruiting bonuses move reps to these firms in 2019?
Wells Fargo Advisors, LPL Financial and Cetera Financial Group are dangling deals.
