A Bensalem, Pa., man allegedly paid for insurance, a used car and other items with $69,300 in money incorrectly deposited into his bank account.

Wells Fargo says it plans to appeal a Connecticut court ruling against its insurance brokerage, Acordia, regarding improper disclosure of contingent commissions.

The nation’s bank holding companies’ total insurance revenue remained steady for the first half of the year compared to the same period last year.

The Hartford Financial Services Group has named a former Bank of America executive as its next chairman and chief executive officer.

With the economy improving and a merger with Wachovia complete, the chairman of Wells Fargo & Co. has announced he will retire in early 2010.

A federal court judge has dismissed a $45 million suit filed over stranger-owned life insurance policies, where a man alleged that his father’s life policies involved a scheme.

The managing director of the former Wachovia Insurance Services office in Richmond, Va., has been selected to take over in the same role for the company’s successor, Wells Fargo Insurance …  Read →

John Dowd was named regional managing director at Wells Fargo Wealth Management Group for the Northeast Region, including New Jersey and New York.

John Dowd

Dowd will oversee wealth management in …  Read →

Peter A. Hutton joined the NIA Group based in Paramus, N.J., as executive vice president of national sales.

Peter A. Hutton

In his new role, Hutton will develop and oversee the …  Read →

Five bank broker-dealers were fined a total of $1.65 million for bad supervision and procedures involving the sale of variable annuities, mutual funds or unit investment trusts, according to the …  Read →