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Wells Fargo in big investment banking push

Wells Fargo Building

Wells Fargo could more than double investment-banking revenue with its existing roster of clients, Chief Financial Officer John Shrewsberry said, which would put it among the biggest global firms in that business.


Money On Hook

C Suisse fined $135m FX trading business conduct

Financial Services Superintendent Maria T. Vullo has announced that Credit Suisse agreed to pay a $135 million fine as part of a consent order with the New York State Department of Financial Services (DFS) for violations of New York banking law, including improper efforts with other global banks, front-running client orders, and additional unlawful conduct that disadvantaged customers.

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Wells Fargo announces new co-heads of Investment Banking Coverage

Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Co has announced that John Hudson and Kristin Lesher have been named the new co-heads of Investment Banking Coverage, effective immediately. Both will report to Walter Dolhare and Rob Engel, co-heads of Wells Fargo Securities.


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Bloomberg - Top firm escalates staff spat

Mitsubishi UFJ Morgan Stanley Securities told a manager at its equity sales group that his recent public statements accusing the firm of harassment may have damaged its reputation and warned that it may take action against the employee.