SAN FRANCISCO (dpa-AFX) - Wells Fargo's (WFC) two former employees have filed a lawsuit against the bank, seeking $2.6 billion, on behalf of employees affected amid the unauthorized accounts scand... FinanzNachrichten.de Also reported by •RTTNews
WASHINGTON (AP) " Federal Reserve Chair Janet Yellen, who has been in the hot seat over the central bank's interest-rate policy, now has another headache: Wells Fargo.Yellen is likely to face sharp.. New Zealand Herald Also reported by •ajc.com •SeattlePI.com •Seattle Times
On Tuesday Wells Fargo announced that Chief Executive Officer John Stumpf would in fact be loosing unvested equity awards worth nearly $41million and will also not be receiving a salary as the board.. Source: Wochit Business -
As it tries to stem a scandal over its sales practices, Wells Fargo says CEO John Stumpf and the executive who ran the bank’s consumer banking division will forfeit tens of millions of dollars in.. Source: Wochit Business -
Two leading Wells Fargo executives have agreed to forfeit a total of $60m (£46m) of their own remuneration following an investigation into the US-bank's sales practices.
Chief executive John.. City A.M.
Hello! Here's what you need to know on Wednesday.
*1. Republican US presidential nominee Donald Trump's campaign claims it pulled in a whopping $18 million fundraising haul after the first debate.*.. Business Insider
John Stumpf forfeits more than $41m in pay as the board investigates the bank’s sales tactics
Continue reading: FirstFT – Wells Fargo chief to forfeit $40m, Elon Musk’s mission to Mars and the.. FT.com
Wells Fargo had been under pressure from lawmakers and others to implement its executive compensation clawback provisions after the bank agreed to pay $185 million to settle allegations its employees.. SeattlePI.com Also reported by •Seattle Times
Wells Fargo chief John Stumpf, fighting to keep his job amid outrage over Wall Street's latest bank scandal, will forgo shares and salary after the company opened legions of bogus accounts. Brisbane Times Also reported by •The Age •Sydney Morning Herald