Financial advisers at Wells Fargo typically keep 22 percent of their monthly revenue until they reach a monthly target.
Wells Fargo was required to submit a plan to the Fed Reserve within 60 days for improving compliance, operational-risk management.
The stock decline came just as chief executive officers gathered at one of the industry’s biggest annual conferences.
Billionaires and millionaires in the U.S. are arranging loans to have funds readily available.
Approximately 900 of the positions will come from the San Francisco-based bank’s home-lending unit.
Bigger Bonuses Are Coming for (Almost) Everyone on Wall Street
Wells Fargo Fires 2 Employees in Connection with Low-Income-Housing Probe
Wells Fargo to Combine Private Bank, Ultra-High-Net-Worth Units
Wells Fargo Is Exploring Sale of Its Retirement Plan Services
Wells Fargo CFO Sees Doubling Investment-Banking Fees in 5 Years
Wells Fargo Ups Improper Foreclosure Count, Suspends Some Fees
The moves show that the bank is still grappling with the fake accounts scandal that erupted more than two years ago.
Regional Banks Suffer Sour Earnings Season as Every Stock Drops
Wells Fargo to Pay $65 Million to New York Over Cross-Selling
HSBC U.S. Partners With Web-Based Avant to Offer Personal Loans
PNC Falls Most in Three Years on High Costs, Muted Loan Growth
Wells Fargo Posts Surprise Revenue Rise With Consumer Loan Boost
While Wall Street trading desks got off to a fast start in 2018, they couldn’t avoid the typical summer slowdown.
Unswayed by Nuns, Wells Fargo Hands Gunmaker New Line of Credit
The tax credits are part of a program created in 1986 that encourages affordable housing developments.
Wells Fargo Chief Executive Officer Tim Sloasaid he’s prepared to keep running the company for much of the next decade.