3 former Wells Fargo execs ordered to pay over $18 million in fake sales account scandal
Three former Wells Fargo executives must pay $18.5 million for their role in the bank’s widespread fake sales accounts scandal that came to light nearly a decade ago.
Wells Fargo fraudulent customer account scandal resurfaces with three more former executives drawing OCC fines
The fourth-quarter earnings report from Wells Fargo & Co. was overshadowed by the disclosure of three more former senior executives being fined a combined $18.5 million by the bank's federal
Three more former Wells Fargo execs fined for sales practices scandal
Bank regulators say a new round of fines is the final enforcement action against former Wells Fargo executives after the sales practices scandal that came to light in 2016.
US bank regulator fines three former Wells Fargo executives over fake accounts scandal
A U.S. banking regulator said on Tuesday it had fined three former executives at Wells Fargo for their roles in the bank's long-running fake accounts scandal.
OCC fines three former Wells Fargo executives a combined $18.5 million
The Office of the Comptroller of the Currency issued fines amounting to $18.5 million to three former Wells Fargo executives in response to unsafe sales practices from 2013 to 2016.
Former Wells Fargo Execs Fined for Role in Fraudulent Bank Accounts
Three former Wells Fargo executives have been fined a total of $18.5 million for their alleged roles in opening fraudulent bank accounts, the Office of the Comptroller of the Currency said Tuesday.
OCC Fines 3 Wells Execs $18.5M over Fake-Accounts Scandal
According to the OCC's announcement, from 2013 to 2016 Anderson "failed to credibly challenge the bank's incentive compensation program, failed to institute effective controls to manage risks posed by sales practices misconduct, failed to escalate known or obvious risks, and repeatedly and consistently downplayed the sales practices misconduct."
OCC imposes civil money penalties against 3 former Wells Fargo executives
The Office of the Comptroller of the Currency announced enforcement actions against three former senior executives of Wells Fargo (WFC) Bank,
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking sector ...
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Claudia Russ Anderson
CLAUDIA RUSS ANDERSONExecutive Vice PresidentGroup Risk Officer - Community BankingRegulatory Compliance and Operational Risk ManagementWells Fargo2004-Present WELLS FARGO & CO.Executive Vice ...
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Wells Fargo fired 4 mid-level executives for ties to its accounts scandal
Since the scandal and paying a $185 million fine to the U.S. government, Wells Fargo has been trying to show it is holding management accountable. Claudia Russ Anderson, former chief risk ...