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Wells Fargo cuts 1,000 jobs across the U.S.
About 900 of the cuts will occur in the bank's home-lending unit, as higher rates and competition cut into that business.
Ex-Morgan Stanley broker sues firm for wrongful termination, smear campaign
Claims his income is going from $300,000 to $91,000 as a result of his tarnished reputation.
Wells Fargo reportedly ends investigation of gender bias in wealth management unit
Wealth management head Jay Welker, a focus of many complaints, announced plans to retire on Tuesday
Wells Fargo combines private bank, ultra-high-net-worth units
Move comes as the bank aims to cut costs by $4 billion
Wells Fargo considering sale of retirement-plan unit
The business could fetch as much as $1 billion, sources say.
Wells Fargo boosts its count of improper foreclosures
The bank has also suspended fees on some wealth management assets and accounts after finding it charged some clients incorrectly
Merrill Lynch to focus team pay on digital, online areas
Wirehouse is attempting to promote online engagement of clients by rewarding advisers who make it happen.
Jay Welker, Wells Fargo head of wealth management, to retire
Mr. Welker and his division are reportedly being investigated for gender bias.
Merrill Lynch advisers staring at new pay hurdles in 2019
Wealth management boss Andy Sieg says firm's withholding of fees and commissions is in line with competition.
UBS CEO promises to boost wealth management profits
In third quarter, bank's global wealth management unit saw pre-tax profits rise 3%
Wells Fargo places two executives on leave
Move occurs amid regulatory investigations into the bank's sales practices.
Stifel, First Republic post top recruiting gains in Q3, as wirehouses continue to lose brokers
Overall, broker and adviser movement slowed during the quarter, with 101 teams shifting firms compared to 124 at this time last year.
UBS loses $20 million arbitration award over Puerto Rico investments
Award is the largest penalty for UBS involving the Caribbean island to date.
Wells Fargo to pay New York $65 million over cross-selling practices
Bank says the settlement relates to product sales goals that were eliminated in 2016
Wells Fargo Advisors to fire back against former brokers suing it
Firm intends to file counterclaim against two brokers who alleged they lost business in the wake of bank scandals.
Ex-Wells Fargo brokers sue for damages, claiming they lost business in wake of scandals
In a Finra arbitration complaint, two brokers allege that Wells Fargo's problems damaged their business.
Morgan Stanley’s wealth management revenue up, adviser headcount down
Third-quarter wealth management revenue was $4.4 billion, even as adviser workforce slipped 1% from last year.
Merrill to continue pay plan that rewards advisers for new clients
So far in 2018, Merrill Lynch has seen the best performance in this area in the last five years.
Wells Fargo loses more reps in Q3; total now more than 1,000 since banking scandal broke
The firm lost another 152 advisers in the quarter, and total adviser workforce is down 6.7% in past two years .
Finra bars former Wells Fargo broker in Florida
Broker allegedly manipulated a client account to maintain his status for working with international clients.
