WELLS FARGO CLAWING BACK $75.3 MILLION MORE FROM FORMER EXECUTIVES IN FAKE ACCOUNTS SCANDAL!
Monday, 10-Apr-17
Nathan Bomey, and Kevin McCoy
USA TODAY
Wells Fargo said Monday it is clawing back $75.3 million in additional compensation from top former executives after an internal investigation of the bank’s unauthorized accounts scandal found that the ex-leaders acted too slowly to investigate allegations of “improper and unethical behavior” in retail sales practices reaching back more than a decade.
The clawbacks are among the highlights of a report that said aggressive sales practices in the community banking division of Wells Fargo (WFC) for years distorted “culture and management performance” and “created pressure on employees to sell unwanted or unneeded products to customers and, in some cases, to open unauthorized accounts.”
Produced by independent board members of the bank along with outside legal investigator, the report blasted Wells Fargo executives for failing to…
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[ZurichTimes] Clif does not hold back in this interview with Greg Hunter and forecasts we are in “an extinction level event” scenario based on his predictive linguistics data mining. Bond Market Crash around September, 2017 and Economic Collapse to coincide with Currency Market Crash. And yes Google has gone Evil.
Something odd happened late in the day in Wednesday’s trading session, which prompted a number of people to mail in comments or ask a question or two. Since we have discussed this issue previously, we decided this was a good opportunity to briefly elaborate on the topic again in these pages.












