News Topic: Wells Fargo

Retail banking chief Christian Sewing will become CEO immediately; higher deposit rates could trim lending margins as banks head into earnings season. ... Read full article

GSE reform a likely scratch from this year’s to-do list; banks’ difficulties in speaking emoji; reactions to Mick Mulvaney’s plans for the CFPB; and more. ... Read full article

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan. ... Read full article

KPMG has been the bank's auditor since 1931. Critics say it's time for a change. ... Read full article

Some clients of Wells Fargo's wealth-management division were steered into investments that weren't always in the best interests of clients, according to several people familiar with the unit. ... Read full article

San Francisco Fed President John Williams is not suited to lead the most important of the regional Fed banks, given his inability to detect the phony-accounts problems at Wells Fargo. He also lacks of Wall Street experience. ... Read full article

San Francisco Fed chief is reportedly leading candidate to replace Dudley in New York; four senior officers to retire as OCC readies penalties against the bank. ... Read full article

Wells Fargo announced changes to its risk-management leadership this week as some executives plan to retire, according to a person familiar with the situation. ... Read full article

Many of the industry’s top executives — at big and regional banks alike — enjoy premium perks, including personal travel on corporate aircraft and minimal wait times for fancy medical exams. Here’s an overview of the special items disclosed to investors so ... Read full article

One fintech has a new twist on gamification — tie savings contributions to achievement in the most popular games. ... Read full article

The bank will enable customers to access its 2,500 ATMs via mobile banking. ... Read full article

The bank is the latest to report required pay discrepancies in their British units; the DOJ and SEC are looking into sales practices at the bank’s wealth management unit. ... Read full article

The FBI has reportedly interviewed employees at the bank’s wealth management unit. ... Read full article

Readers opine on the prospect of regulatory relief, weigh in on the need for regulators to become more tech savvy, react to HSBC hopping back into U.S. mortgage lending and more. ... Read full article

CEO Tim Sloan was paid $17.4 million, though he was denied a cash bonus, as the San Francisco bank continued to contend with scandal fallout. ... Read full article

With rate hikes aplenty expected this year, Wells Fargo and Bank of America are said to be subdividing key markets to target deposit pricing in the future and minimize costs. These are among several innovative steps large banks are taking to prepare for ... Read full article

The top examiner of Wells Fargo at the Office of the Comptroller of the Currency improperly revealed to the San Francisco bank the existence of a government investigation, according to the Treasury's inspector general. ... Read full article

Wells has helped gun and ammunition companies access $431 million in loans and bonds since the 2012 Sandy Hook shooting. Other financial firms that are active as bookrunners for gunmakers include Morgan Stanley, TD Securities, Bank of America and JPMorgan ... Read full article