Wells Fargo & Co. has fired two community lending and investment executives it previously suspended amid a government probe on the company's purchase of certain low-income housing tax credits, Bloomberg News reported Nov. 11, citing people familiar with the matter.
The two executives are Rick Davis, a senior vice president, and Robert Klixbull, a vice president. The two worked under Michael Lavine, head of low-income housing tax credit equity within the community lending and investment unit.
Davis, Klixbull and Lavine did not immediately respond to Bloomberg's requests for comment. Company spokeswoman Beth Richek declined to comment on personnel matters, according to the report.
