Former CEO John Stumpf agreed to a lifetime ban from the banking industry and the fine for his role in leading the bank through its massive fake accounts scandal. Seven other former Wells Fargo executives about $40m.
| less than a minute read
Former Wells Fargo CEO banned from banking industry and fined $17.5m
Get in touch
Get in touch
"The OCC's actions are consistent with my belief that we should hold ourselves and individuals accountable. They also are consistent with our belief that significant parts of the operating model of our Community Bank were flawed," said Wells Fargo's current CEO Charles Scharf in a statement
Get in touch
Get in touch
