Big protests expected at Wells Fargo meeting

Welcome to the morning roundup, a look at the day's banking and finance news.

Annual meeting. Wells Fargo & Co.'s annual shareholder meeting is today in San Francisco, and the bank is bracing for thousands of protesters, including community and environmental groups, the Wall Street Journal reports.

Say on pay. Citigroup shareholders' rejection of the bank's executive pay last week is a wake-up call to Wall Street, a column in the Journal says. Say-on-pay votes are still ahead for Wells Fargo and Charlotte-based Bank of America Corp.

First to go? In another financial meltdown, Wall Street giant Morgan Stanley would be "the first to go," an investment expert tells CNBC. Yet some say shorting the stock would be misguided.

Bank moves. JPMorgan Chase & Co. has appointed Jeff Urwin as head of investment banking operations in the Asia-Pacific region, the New York Times reports.

Stock markets. Stocks were set for a weak start this morning after big losses the day before and more trouble in Europe, Reuters reports.