Wells Fargo’s Costly Asset Cap Likely to Be Lifted in 2025
Wells Fargo is counting down the days to freedom. Reuters reported Tuesday that America’s fourth largest bank, which has been barred from adding assets to its balance sheet by US regulators since 2018, is likely to have the handcuffs taken off next year, citing three sources.. Knockin’ on Seven’s Door. The scandal that got Wells Fargo in hot water came to light in September 2016 after ...
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LPL Financial Terminates CEO Dan Arnold Over Alleged Misconduct
Oct 3, 2024 · Chief executive Dan Arnold is out at LPL Financial. The country’s largest independent broker dealer terminated Arnold from his position as CEO on Tuesday for allegedly violating the company’s code of conduct, according to a filing.The decision was made by its Board of Directors after an investigation by an outside counsel determined he “made statements to employees” that violated LPL ...
Inside Wells Fargo’s Bet on Independent Advisors
Nov 14, 2024 · Wells Fargo’s gamble on indie advisors may be paying off. The San Francisco-based brokerage has been quietly building out an independent channel that has helped stem an exodus of advisors at the firm in recent years. Launched in 2001, the indie broker-dealer channel called Financial Network — along with a new registered investment advisor program in development — has quickly become the ...
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JPMorgan to Open Nearly 100 Chase Branches in Low-Income …
Oct 2, 2024 · JPMorgan Chase announced it will open nearly 100 brick-and-mortar locations in low-income inner-city and small-town American communities.
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PwC Slashes 1,800 Jobs in First Mass Cuts Since 2009
Sep 11, 2024 · PricewaterhouseCoopers said it will lay off 1,800 staff members at its US unit next month. It will impact 2.5% of the unit's employees.