LPL Grabs Longtime Wells Fargo Exec to Be Chief Strategist
John Lynch was with Wells Fargo since 1996 and is now based in Charlotte, N.C.
5 Takeaways From BofA, Wells Fargo Q3 Earnings
Consumer lending shows cracks on the second day of earnings season; the four largest U.S. banks cut their combined workforce after a pause.
Wells Fargo Hit by Surprise Charge From Pre-Crisis Mortgages
The bank takes a $1 billion charge for a pre-crisis mortgage probe; the surprise charge adds to headaches from the fake-accounts episode.
HighTower Nabs $500M JPMorgan Team, $230M Merrill Rep: Recruiting Roundup
Also, Wells Fargo attracts two Morgan Stanley reps with $370 million; Cetera adds new bank client with $225 million.
‘You Should Be Fired’: Sen. Warren Rips Wells Fargo CEO
“At best you were incompetent, at worst you were complicit,” Warren said to CEO Timothy Sloan, who was testifying before the Senate.
Many Millennials Aren’t Interested in Stock Market: Wells Fargo
One-fifth of the millennial population says they would never invest in the stock market in this Wells Fargo survey.
RBC Adds $350M Merrill Team, $125M Morgan Stanley FA: Recruiting Roundup
Meanwhile, wirehouse reps depart for Baird, Ameriprise and Arkadios Capital; Royal Alliance and CAPTRUST attract large groups.
Focus Financial Adds $1.5B RIA in North Carolina: Recruiting Roundup
Kestra, Dynasty, Securities America, FiNet, Janney, Mercer and RBC announce new advisors and teams.
RBC Wealth, Raymond James Launch Efforts to Boost Female Advisors
Videos and a publication aim to support existing women reps and add to their numbers, which are roughly 16% of the full US advisor force.
Wells Fargo Increases Fake-Account Estimate 67%
The bank says it will pay $10.7 million in customer compensation.