The company said that year that it would separate the life and retirement unit from its sprawling property-casualty operation, furthering the dismantling of the insurance giant.
Fed officials reportedly privately signaled the bank that they accept its proposal for overhauling risk management and governance, which would move Wells a step closer to getting the cap on its assets lifted.
The largest cryptocurrency rose almost 6% Wednesday, following a fivefold surge in the past year, after MicroStrategy said Tuesday it would sell $600 million of bonds to buy more Bitcoin.
Some people could benefit from filing quickly this tax season, as Congress works on another round of stimulus checks, while others may benefit from holding off.
Agency says it will make it harder for financial firms to obtain waivers from knock-on sanctions when they settle enforcement cases.
Strong investor demand for sustainable investments pushes offering at the last minute up by $50 million to $800 million.
The traditional mix of 60% equities and 40% bonds has come under threat of late as losses in the stock market are sometimes met with little more than a shrug in U.S. Treasuries, rather than a rally that protects the entire portfolio.
Survey finds most institutional investors look for sustainable investing and diversity criteria when hiring equity managers.
UBS, Banco BTG Pactual, Insigneo and Andbank are among those seeking to hire from the roughly 330 advisers who were part of Wells' international wealth unit.
Stefan He Qin stole investor money from his Virgil Sigma Fund and attempted to dip into his VQR Multistrategy Fund to pay back investors in the first fund, prosecutors say.
