Wells Fargo

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  Goldman, Morgan Stanley Settle Mortgage Complaints for $557 Million

  By MARCY GORDON, AP BUSINESS WRITER  |  January 16, 2013

  Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

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  BofA’s Giving Record ‘Mediocre,’ Goldman’s Is ‘Miserly’: Charity Watchdog

  By Michael S. Fischer  |  January 11, 2013

  The National Committee for Responsive Philanthropy has issued a highly critical report on the performance of the corporate foundations of Bank of America, Goldman Sachs, Wells Fargo and JPMorgan Chase.

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  Wells Fargo Tops Q4 Estimates, Boosts Advisor Headcount

  By Janet Levaux, AdvisorOne  |  January 11, 2013

  Net income in the fourth quarter rose to $0.91 a share, as sales hit nearly $22 billion at the wirehouse and the number of advisors rose.

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  Top 7 Biggest Bank Fines

  By Dan Berman, AdvisorOne  |  January 11, 2013

  AdvisorOne finds that all of the biggest bank penalties have been levied in the last 10 years, with most of them since the financial crisis started in 2008.

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  Raymond James Recruits Wells Fargo Mother-Daughter Team

  By Joyce Hanson, AdvisorOne  |  January 7, 2013

  A Baltimore-based CFP team with $200 million in AUM and $2 million in annual production has jumped ship from Wells Fargo to join Raymond James’ IBD channel.

• Wells Fargo Advisors Names Kowach New Head of PCG

  By Janet Levaux, AdvisorOne  |  December 20, 2012

  Wells Fargo Advisors tapped David Kowach president of the firm’s Private Client Group in November.

• Wirehouses, Others Actively Attract Reps

  By Janet Levaux, AdvisorOne  |  December 20, 2012

  In the final months of 2012, the wirehouse firms continued to recruit advisors from each other and from other broker-dealers.

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  401(k) Fee Transparency: Best & Worst Providers

  By Jane Wollman Rusoff  |  December 20, 2012

  Dalbar and Research magazine conducted an in-depth study of the new ERISA 408(b)(2) disclosure rule, providing rankings in key categories of big providers.

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  Loss of Tax-Exempt Status Could Hurt Banks With Muni Exposure

  By Gil Weinreich, AdvisorOne  |  December 14, 2012

  Meredith Whitney’s warnings about a wave of bankruptcies two years ago didn’t kill munis, but will ending their tax-exempt status push these securities over the fiscal cliff?

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  Wells Fargo Tweaks 2013 Comp Program for Brokers

  By Janet Levaux, AdvisorOne  |  December 14, 2012

  The wirehouse broker-dealer adjusts one payout level and adds a bonus focused on client acquisitions.