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Merrill, Wells Fargo and SEC

Barron's on MSN · 1d

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.

YAHOO!Finance · 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 uninvested cash into sweep accounts that benefited the banks but not their clients,

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.

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,

3hon MSN

Alleged armed bank robber captured after Wells Fargo heist on College Street in Iowa City

: The suspect has been identified as Nickoles J. Deherrea, 39, of Iowa City.Deherrea now faces charges for first degree ...

2don MSN

Wells Fargo’s investment chief has 15 pieces of advice for the next generation of investors—and even beginners could take note

Wells Fargo’s chief investment officer of wealth and investment management, Darrell Cronk, just sent his clients a 15-point ...

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 ...

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 ...

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 ...

3d

Wells Fargo raises interest income forecast as strong dealmaking drives profit beat

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

1d

Wells Fargo eyes customer engagement initiatives, growth

The bank laid out digital enhancements to its mobile app and plans to generate growth as regulatory burdens lift.

3d

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 ...

3d

Wells Fargo shares jump after earnings beat, strong 2025 guidance

The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024’s ...

1don 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 ...

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