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Wells Fargo Hires 5,000 for Brokerage, Private Banking, Retirement Services

San Francisco Business Times article by Mark Calvey Wells Fargo confirmed Monday that it plans to hire 5,200 to 5,500 people a year to staff its national growth in brokerage, private banking and...

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Dow Hits 17,000: Now What?

Barron’s commentary by Ben Levisohn The Dow Jones Industrial Average crossed 17,000 for the first time following yesterday’s stellar jobs report. The blue-chip index gained 92.02 points, or 0.5%, to...

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4 Investing Tricks From Wells Fargo

Biz Journal article by Monica Mendoza There’s only one guaranty when it comes to investing — and that’s that there will always be something to worry about, said Wells Fargo’s chief investment officer...

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Wirehouses Shift from Golden Handcuffs to Mass Layoffs: Careers on the Line

Morgan Stanley payroll cuts and a shrinking bonus pool shake confidence at a moment when credit-crunch-era retention contracts are weakening fast. Will ground-level producers jump in 2016 or suffer the...

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Sean Penn, El Chapo and How to Hide $3 Billion in Annual Revenue

A couple of days after Mexican authorities captured the leader of the Sinaloa cartel Joaquin “El Chapo” Guzman, Rolling Stone published an interview with him penned by two-time Oscar winner Sean Penn,...

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LPL Faces Stiff Competition, But CEO Says It’s Ready for the DOL Rule

Wall Street Journal article by Michael Wurshthorn Leading broker-dealer LPL Financial Holdings has had a few horrible months, its revenues falling, advisor growth coming to a standstill and investors...

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High-Tech Ways Banks Are Trying To Save Seniors From Having Their Money Stolen

Banks are fine-tuning their technology to help the victims of elder abuse. As readers of MarketWatch’s Moneyologist column know, the practice of scamming seniors has gotten out of control — some 17% of...

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The Password is Dying: Long Live Biometrics

New York Times article by Michael Corkery Some of the largest financial institutions are giving up on the dreaded login password, opting for securely identifying their customers with fingerprints,...

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Visa, Schwab And Wells Fargo Shares Slammed On Brexit Vote

Visa shares sunk more than 4 percent on the United Kingdom’s vote to leave the European Union. Britain’s “Brexit” is expected to hit the company’s bottom line in several ways, according to a Sandler...

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BlackRock ‘Cautious’ On US Stocks

Asset manager BlackRock is not excited about all-time highs in U.S. stocks. “This is a tough and transitional moment for equities,” said Kate Moore, chief equity strategist — Americas at BlackRock....

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Amazon Enters Student Loan Business In Partnership With Wells Fargo

Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo & Co, offering cheaper rates for loans to Amazon customers who pay for a “Prime Student” subscription. The...

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Wells Fargo Adds $15 Billion Under Management With Analytic

Analytic to stay in Los Angeles, deal seen closing by October. Mitchem cites ‘comprehensive investment solutions’ for clients. Wells Fargo & Co., the world’s most valuable bank, agreed to buy...

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Are Millennials Heading For A Retirement Crisis, Too?

We’ve heard over and over that many boomers will face a retirement crisis (if they haven’t already). But if you’re a boomer parent, you’re probably wondering: Will my kids’ generation, the Millennials,...

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BusinessWire: David Kowach Named President And Head Of Wells Fargo Advisors

Wells Fargo & Company (NYSE: WFC) announced today that David Kowach has been named president and head of Wells Fargo Advisors, LLC (WFA), the company’s national retail brokerage, effective...

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Motley Fool Better Buy: Wells Fargo vs. JPMorgan

Big U.S. banks have earned very different reputations among investors and the public at large. Even though many Americans still blame large banks like Wells Fargo (NYSE:WFC) and JPMorgan Chase...

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Most Broker-Dealer Second-Quarter Earnings Lag Far Behind S&P 500 Index But...

Commentary on ThinkAdvisor article by Janet Levaux Broker-dealers as a whole reported earnings that were significantly worse than the average for companies in the S&P 500 index, but many firms beat...

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Huff Post: Wells Fargo Just Made The Case For Elizabeth Warren’s Bank Agency

Wells Fargo just proved, again, that no scam is beneath America’s financial institutions. And no institution is above being watched by a federal agency. On Thursday, the Consumer Financial Protection...

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MarketWatch Opinion: It’s Business As Usual At Wells Fargo After Record Fine

“The fine is a rounding error, and I don’t see any unintended consequences.” So said FBR analyst Paul Miller, describing the $185 million in fines and penalties, plus another $5 million for “customer...

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One Rate Hike Would’ve Been More Profitable For Wells Fargo Than 2 Million...

In the wake of the news that Wells Fargo is paying $185 million to settle charges that it created millions of fake bank accounts for its customers, three specific questions have emerged: How could this...

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That Scandal On Your Resumé Will Cost You, Even if It Isn’t Yours

You could get dinged on compensation, or even knocked out of  contention for a job, by a corporate scandal you had nothing to do with. The Enron’s and Worldcom’s and Wells Fargo’s hurt the careers of...

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