Wells Fargo recently announced the promotion of long-time executive Erik Karanik to lead the expansion of its independent advisor business. Karanik now holds the position of head of independent solutions within Wells Fargo's Wealth and Investment Management unit, reporting directly to WIM CEO Barry Sommers. Strong Foundation with Promising Future Barry Sommers expressed his … [Read more...] about Wells Fargo’s Independent Advisor Business Expansion
Wells Fargo
Former Wells Fargo CEO Timothy Sloan Sues Company for $34 Million
Former Wells Fargo CEO, Timothy Sloan, has filed a lawsuit against the bank seeking $34 million in damages for alleged contractual violations related to his departure from the company in 2019 amidst a fake-account scandal. Sloan claims that Wells Fargo used him as a scapegoat, despite his lack of involvement in the sale-practice abuses, and disregarded his efforts to address … [Read more...] about Former Wells Fargo CEO Timothy Sloan Sues Company for $34 Million
