Wells Fargo Banking Executive to Leave with $95 Million in Options

[kreslik.news]

Last week, California and federal regulators fined Wells Fargo, one of the largest US banks, $185 million in civil penalties after bank employees secretly opened millions of unauthorised accounts for their customers so they could meet aggressive sales goals.

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Today, Finance Magnates has learned that the Wells Fargo executive who headed the unit where employees are alleged to have opened these accounts is leaving the bank with millions of dollars in stock and options, according to a CNBC report.

In July, the bank announced ... (read more)