Wells Fargo Extends Board, Morgan Stanley Loses Veteran Exec: Financial Business Wrap

Through a Wednesday release, Wells Fargo & Company (NYSE:WFC) has announced that its board of directors has chosen the retired partner of PricewaterhouseCoopers Howard V. Rick Richardson to add to the board’s Audit and Examination Committee effective January 1st. With Richardson’s election, the Wells Fargo Board increased to 16 directors.

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Raymond James & Associates has named the Morgan Stanley Wealth Management (NYSE:MS) veteran John N. Dorsey as a senior vice president of investments and branch manager. Dorsey will be located in a new office in Huntington, West Virginia.

Triangle Capital Corporation (NASDAQ:TCAP) announced through a release that its board of directors has declared a cash dividend of 53 cents per share, marking its 24th consecutive quarterly dividend since its IPO in February of 2007, with the current dividend representing a 12.8 percent rise year-over-year from 2011. The dividend will be paid to shareholders of record as of December 12th to be distributed on December 26th.

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