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Judge puts off approving a settlement related to bank's fake accounts, and Fed chairman Powell says Fed not ready to lift growth ban.
Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice.
He received $2.4 million in salary and $14 million of restricted stock linked to performance goals.
Republicans and Democrats grill Tim Sloan for more than four hours.
Sloan tells the House Financial Services Committee that Wells is working to address regulators' concerns.
House Financial Services committee will grill the CEO Tuesday about the progress he's made in resolving the bank's scandals.
Under the changes, retiring reps get a 25% bonus and younger advisers get help acquiring the business of those leaving the firm.
The firm is luring clients by reducing interest rates on mortgages by as much as half a percent.
Bank names 96 managing directors in Americas, including 60 financial advisers, as it targets more billionaire clients.
Bank ups its estimate of how much it might have to spend to resolve investigations and claims related to its scandals.
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