Wells Fargo & Co. $WFC received strong shareholder backing at its annual meeting on Tuesday, signaling renewed investor confidence in both its leadership and strategic direction. Shareholders overwhelmingly approved executive compensation packages and board appointments, with most proposals receiving support levels exceeding 90%.

The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against fixed-income broker FIIG following allegations that the firm neglected proper cybersecurity measures for four years. This oversight reportedly enabled a hacker to penetrate FIIG’s IT network, resulting in the theft of confidential data.