Michelle Rudd will join the firm from Wells Fargo, where she managed $500 million in client assets.

The San Francisco-based brokerage firm is in talks to buy USAA’s brokerage and wealth-management operations for roughly $2 billion.

Bank of America Corp.’s Cathy Bessant is among executives who remain in talks with Wells Fargo.

Penny Pennington has ambitious growth plans for the nearly 100-year-old brokerage.

There were a record 52 mergers or acquisitions involving RIAs in the second quarter, up from a previous high of 49 in the first quarter of the year, according to Echelon Partners.

The bank said it won’t provide loans to companies that operate private prisons and immigration holding facilities.

Mary Mack looked like a rising candidate to become Wells Fargo's next chief executive. That is, until the bank's board promised it would find a new leader outside the troubled bank.