Wells Fargo takes back $75m from ex-executives after fake accounts scandal
Bank's board says former executives dragged their feet regarding problems and were unwilling to accept criticism that sales-focused business model was failing Wells Fargo has clawed back $75m from two former top executives after an internal report concluded management had little interest in dealing with an overly aggressive sales culture that dated back at least 15 years until that culture spiraled out of control, resulting in millions of accounts being opened fraudulently. Related: Wells Fargo banking scandal a financial crisis we can finally understand Continue reading...