Finance
Ex-Wells Fargo Executives Face Millions in Fines for Misconduct
This article is for subscribers only.
The Office of the Comptroller of the Currency fined three former Wells Fargo & Co. executives, including community banking risk officer Claudia Russ Anderson, and banned them from the banking sector for misconduct and “unsafe or unsound” sales practices.
Anderson will pay $10 million, the OCC said Tuesday in a statement. Also fined were Chief Auditor David Julian, who will pay $7 million, and Paul McLinko, the lender’s executive audit director, whose fine was $1.5 million.