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Apr

12

Plenty More Villains at Wells Fargo

By Tony Seruga

In its latest attempt to salvage the reputation of Wells Fargo, the bank’s board announced on Monday that it would revoke $75 million in bonus awards from two former senior executives who it said were largely to blame for a staggering sales scandal at the bank.

Tough as that might seem, it is not enough to punish their misconduct, deter wrongdoing by others and restore trust in the bank — or in the rule of law when it comes to investigating and prosecuting bank executives…

Plenty More Villains at Wells Fargo

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