trending Market Intelligence /marketintelligence/en/news-insights/trending/76b66WdVKEYDt3Cl_lZZvA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

WSJ: Wells Fargo board may decide on clawbacks soon

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


WSJ: Wells Fargo board may decide on clawbacks soon

Wells Fargo& Co.'s board might decide on soon, The Wall Street Journal reported, citing a "person familiarwith the matter."

The company board, which is thinking of clawing back payfrom Chairman and CEO John Stumpf and former community-banking head CarrieTolstedt, wants to reach a decision before Stumpf in front of the House FinancialServices Committee on Sept. 29.

The decision follows recent issues regarding"widespread illegal" practices in the company's retail bankingoperations.

The news outlet reported a company spokeswoman declined tocomment on the news.