Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...

Two Wells Fargo-affiliated investment advisers and Merrill Lynch agreed to pay $60 million, while LPL Financial agreed to pay ...

In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.

Wells Fargo & Co. reported in November 2023 that it was facing an "advisory account cash sweep investigation" by the SEC. And over the summer, some firms, including Wells Fargo, said they had ...

Wells Fargo and Merrill Lynch agreed Friday to pay $60 million in total to settle SEC allegations that they didn't do enough to consider clients' best interests when placing their money in "cash ...

Two Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly ...

Jeffrey Schub steps in as Wells Fargo's new Head of Sustainability, promising advances in the bank's green initiatives ...

Wells Fargo paid Chief Executive Charlie Scharf $31.2 million for 2024, a more than 7% raise from a year earlier. Scharf ...

Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...

Wells Fargo Advisors Financial Network, $7 million; and Merrill, $25 million, according to the SEC’s cease-and-desist orders. Wealth advisers direct clients into so-called cash sweep accounts ...

Company has disclosed the compensation details for its CEO and President, Charles W. Scharf, who will receive $31.2 million for his performance in 2024. The announcement was made following approval by ...