Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were ...
Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling ...
The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations.
The yield differential between the firms' bank deposit sweep programs and other alternatives was nearly 4% higher, according to SEC claims.
Merrill and Wells are facing a total of at least 11 lawsuits related to the interest rates in their cash sweep programs, and ...
In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting ...
The bank laid out digital enhancements to its mobile app and plans to generate growth as regulatory burdens lift.
Paul McLinko served as the bank’s executive audit director during its 2016 fake-accounts scandal. He called the penalty “arbitrary, capricious, an abuse of discretion, and otherwise not in accordance ...
Wells Fargo posted mixed Q4 earnings, with revenue lagging while EPS gained, highlighting revenue growth challenges.
The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have ...
In a report released today, Lim Rui Wen from DBS maintained a Hold rating on Wells Fargo (WFC – Research Report), with a price target of ...
(Reuters) -Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and ...