Henry Chyung, CIO of Post Advisory Group, is accused of intimidation and bullying by some of his colleagues.
The former worker accused the bank of retaliation.
The possible reversal appears to be due to the defeat of the DOL fiduciary rule.
The settlement covers issues in Wells Fargo’s auto-lending and mortgage units.
Clients at the bank's wealth management division were also steered into questionable investments, sources said.
The bank is still trying to steady itself from a bogus-account scandal.
The San Francisco-based firm is the third major U.S. bank in recent weeks to change its policies on pay transparency.
Many are figuring out that the greatest benefits will go to billionaires.
Concert tickets resales have become a huge business—and one in which deep-pocketed investors can get hoodwinked.
The embattled bank's chief of retail has laid out a new customer-service strategy.