|
||
Relevant:
|
2020-01-23 — cnbc.com
``The U.S. government announced Thursday that former Wells Fargo CEO John Stumpf has been banned from ever working at a bank again and will pay $17.5 million for scandals in which millions of fake accounts were set up to meet sales quotas.
... In addition to the $17.5 million fine, Stumpf's settlement declares he shall not participate "in any manner" at any bank regulated by the OCC or participate or attempt to participate in a bank's corporate board votes. ... The nation's fourth-largest bank, Wells Fargo has remained muddled in restructuring and regulatory reforms since 2016 stemming from the scandals at its consumer-facing community bank. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |