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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
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- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
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- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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Wells Fargo Likely to Eliminate 2016 Bonuses For Top Executives: WSJ
[Photo: eastbaytimes.com]
Perhaps clawbacks are more in order.
Wells Fargo & Co's board is likely to eliminate 2016 bonuses for the bank's top executives following the bogus account scandal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The board met in late January and discussed withholding bonuses for senior executives, including CEO Timothy Sloan and CFO John Shrewsberry. The board is expected to finalize its decision, which could affect annual incentive awards that are paid in cash or stock, in coming weeks.
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