(Bloomberg) -- Warren Buffett had $1.4 billion wiped from his fortune Tuesday after Wells Fargo & Co. fell 3.3 percent as the fallout continued from revelations that bank employees had opened more than 2 million accounts without clients...

(Bloomberg) -- You could get dinged on compensation, or even knocked out of  contention for a job, by a corporate scandal you had nothing to do with...

A new analysis by the Institute for the Fiduciary Standard found that the Form ADVs of nine large financial services firms, including Edward Jones and Merrill Lynch, have more conflicts of interest than those of the 135 registered investment...

Merrill Lynch announced this week that it’s planning to develop a new team of specialized advisors for international clients, and will narrow the pool of foreign clients it serves by imposing higher asset minimums and focusing...

Following the July 21 deadline for public comments, the Department of Labor on Thursday night released an additional 250 public comment letters from some of the industry’s largest financial services firms, including Bank of America, Edward...

It's better to give than receive. Investors have been in a giving mood lately. Grants from Fidelity Charitable and Schwab Charitable donor-advised funds are at record levels, the two firms said Wednesday. Schwab Charitable said its donors gave...

Wells Fargo reported net income of $5.7 billion, or $1.03 a share, during the second quarter, in line with what the bank reported a year ago and with analysts’ estimates. The firm’s revenue of $21.3 billion, up 1 percent from a year...

The Financial Industry Regulatory Authority ordered LPL Financial, Wells Fargo Advisors and Raymond James to pay a combined $30 million in restitution to clients who were wrongly sold more expensive classes of mutual funds over the past five years...