News Topic:

Wells Fargo is considering restructuring its wealth management business as the bank pushes for $4 billion in cost cuts by the end of next year. ... Read full article

Sens. Elizabeth Warren and Sherrod Brown sought details on whether an OMB official was involved in the policy of separating children from their parents. ... Read full article

SigFig was among an early crop of digital advice firms that shifted their focus to serving wealth managers and banks. It has raised more than $100 million from a variety of investors. ... Read full article

The selection of an obscure OMB official as CFPB director raises more questions than it answers about the future of the agency. ... Read full article

Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses. ... Read full article

The White House announcement of Dino Falaschetti as the choice to run the Office of Financial Research comes amid signs that the administration has attempted to reduce the agency's independence. ... Read full article

Three years ago the core provider Finastra sought the help of Malauzai to meet customers' cutting-edge technology demands. This week, it bought the software maker. ... Read full article

Senior leaders may say that they want to hear bad news, but that doesn’t mean lower-level employees are eager to share it with them. ... Read full article

At a conference on corporate culture, Wells Fargo’s board chair explained why problems tend to fester longer at larger institutions. ... Read full article

The bill aimed at helping struggling homeowners also requires documentation of servicer behavior and FHFA evaluation of the services provided to borrowers. ... Read full article

Reconciling accounts, predicting market turns and their effects on portfolios, and even answering client faxes (yes, faxes) can all be done better with artificial intelligence, the custody bank says. Experts describe it as a cutting-edge program. ... Read full article

The Democratic leader in the House raised questions about Kathy Kraninger's "qualifications to lead such an important agency." ... Read full article

They will be deployed to the branches and teach veteran brokers how to make use of the firm's new high-tech wealth management tools, the company says. ... Read full article

Risk management and technology systems at the Federal Housing Administration lag decades behind Fannie Mae and Freddie Mac and desperately need to be revamped, according to a top official at HUD. ... Read full article

Little-known Office for Management and Budget official Kathy Kraninger would succeed acting director Mick Mulvaney, her OMB boss; Wells Fargo still faces the big chill from several big cities and states. ... Read full article

President Trump has yet to formally name Kathy Kraninger as his choice to head the Consumer Financial Protection Bureau, but her nomination is already in trouble. That may be just fine with the White House. ... Read full article

A proposal to revise parts of the Dodd-Frank Act ban on proprietary trading would make it easier for banks to conduct risky trades. ... Read full article

The central bank's rule-writing workload is expected to remain busy for the foreseeable future, thanks in large part to enactment of the recent regulatory relief bill. ... Read full article