trending Market Intelligence /marketintelligence/en/news-insights/trending/76b66WdVKEYDt3Cl_lZZvA2 content esgSubNav
In This List

WSJ: Wells Fargo board may decide on clawbacks soon

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


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.