You are here


Wells Fargo sales abuses face prospect of sanctions

Staff at Office of the Comptroller of the Currency 'have recommended enforcement action'

The potential for further sanctions comes as Wells Fargo CEO Tim Sloan was set to appear before the Senate Banking Committee on Tuesday to answer questions about a scandal over its sales practices.


THE main regulator for Wells Fargo & Co is considering whether to sanction the US bank over improperly charging customers for car insurance and mortgage loans, according to a source familiar with the matter.

The Office of the Comptroller of the Currency (OCC) has for...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to