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Wells Fargo, SEC and Merrill

Wells Fargo firms, Merrill Lynch to pay $60 mln to settle SEC charges

The U.S. Securities and Exchange Commission (SEC) on Friday said a pair of Wells Fargo Advisory firms and Merrill Lynch have agreed to pay a combined $60 million in civil penalties to settle charges over compliance failures.

Barron's · 22h

Wells Fargo, Merrill to Pay $60 Million Penalties Over Cash Sweep Accounts: SEC

Advisory clients’ uninvested dollars were automatically swept into bank accounts that paid paltry interest, but were profitable for the companies, the SEC said.

The Charlotte Observer on MSN · 3d

3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal

Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago.

MarketWatch · 1d

SEC Settles Charges Against Bank of America, Wells Fargo Units

The Securities and Exchange Commission settled charges against units within Bank of America and Wells Fargo that will result in $60 million in total civil penalties. The SEC said the charges were settled against investment advisers Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network as well as Merrill Lynch,

19hon MSN

California wildfire losses could cost as much as $40 billion: Wells Fargo's insurance analyst

Elyse Greenspan, Wells Fargo Securities managing director, joins 'Fast Money' to talk the mounting cost of the California ...

1d

Wells Fargo, Merrill Cash-Sweep Accounts Shortchanged Clients, SEC Alleges

Investment adviser units of Wells Fargo & Co. and Bank of America Corp.’s Merrill shortchanged customers by funneling ...

1d

Wells Fargo Q4 Earnings: Generally Strong But Signs Of Weakening

Learn about Wells Fargo & Company's strong Q4 earnings, 2025 guidance, and stock performance, with insights on selling ...

2don MSN

Wells Fargo's profit beats on dealmaking rebound as it raises interest income forecast

Wells Fargo's profit beat expectations in the fourth quarter powered by a rebound in dealmaking activity and forecast it ...

3d

Wells Fargo scandal: US bank regulator fines three former executives over fake accounts

The trio had been previously charged by the OCC in 2020, alongside other former senior leadership of the bank, but had opted ...

2d

Wells Fargo's Fourth-Quarter Profit Tops Estimates

Wells Fargo reported earnings per share of $1.43 for the fourth quarter, beating Wall Street’s consensus estimate of $1.35. A ...

3d

Wells Fargo Shares Rise as Bank’s Cost-Cutting Efforts Take Hold

Wells Fargo & Co. took a $647 million severance charge in the fourth quarter, as Chief Executive Officer Charlie Scharf ...

2d

Why investors seem giddy about once-troubled Wells Fargo

Wells Fargo CEO Charlie Scharf validates some of the optimism, telling analysts he feels "really great about our progress." ...

2d

Wells Fargo CFO says office CRE fundamentals ‘remain weak’

Wells Fargo's quarterly earnings call included discussion of what the eventual lifting of the Fed-imposed asset cap would ...

Hosted on MSN27m

Wells ‘encouraged’ by return of Bumble founder Whitney Wolfe

Wells Fargo analyst Ken Gawrelski is “encouraged” by the return of founder Whitney Wolfe Herd as CEO of Bumble (BMBL) amid the company’s current ...

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