wells fargo bank of america

Merrill, Wells Fargo and SEC

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,

Barron's on MSN · 20h

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.

Reuters on MSN · 18h

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

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance failures, the regulator said on Friday.

MarketWatch · 21h

SEC Settles Charges Against Bank of America, Wells Fargo Units

The units charged by the SEC consented to the entry of orders without admitting or denying the SEC's findings. Wells Fargo Clearing Services agreed to pay a civil penalty of $28 million, Wells Fargo Advisors Financial Network agreed to pay $7 million, and Merrill Lynch, Pierce, Fenner & Smith agreed to pay $25 million.

17h

Wells Fargo and Bank of America Agree to Pay Combined $60 Million to Settle SEC Probe

In the enforcement actions announced Friday, the regulator said the two firms agreed to settle the charges without admitting ...

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 ...

CNBC10d

Wells Fargo vs. Bank of America — which bank is better for you?

Broadly speaking, both Wells Fargo and Bank of America will cover your basic banking, but depending on the type of saver (or spender) you are, one could be a better match. What we'll cover ...

What to expect from Q4 earnings for Bank of America, Truist and Wells Fargo

Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to ...

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