Radio Havana Cuba

A friendly voice around the world

  • Follow Us on

#NoMasBloqueo #SolidaridadVsBloqueo

Wells Fargo Executives Forced to Pay Back $75 Million over Fake Accounts Scandal

San Francisco, April 17 (RHC)-- In the United States, two Wells Fargo executives are being forced by the company’s board to pay back $75 million in compensation over a massive scandal in which Wells Fargo workers created 2 million fake accounts in order to meet grueling sales targets.

Wells Fargo former CEO John Stumpf and the former head of community banking, Carrie Tolstedt, are forced to return a combined $75 million in pay, making it the largest "clawback" in U.S. banking history.

The San Francisco-based international banking and financial services holding company has fired a staggering 5,300 low-level workers over the creation of the fake accounts.  People nationwide also continue to protest Wells Fargo over its role in funding the $3.8 billion Dakota Access pipeline.

Edited by Pavel Jacomino
Commentaries
MAKE A COMMENT
  • President Raul Castro Congratulates Nicolas Maduro on PSUV´s Electoral Victory
  • Council Members of the U.S. Cities of Tampa and St Petersburg Attend Business Forum in Cuba
  • Confusion Prevails in Catalonia
  • RHC's Regular Program DXERS UNLIMITED, with Professor Arnaldo 'Arnie' Coro
  • World Food Program Praises Cuba's Record in Face of Natural Disasters
  • Sochi Hosts World's Biggest Youth Event
NUMBER OF HITS/VISITORS

3835737

  • Max: 19729
  • yesterday: 4823
  • today: 1767
  • online: 196
  • total: 3835737