Governance
OCC fines three former Wells Fargo executives $18.5M over fake accounts scandal
Jan 15, 2025
OCC banned former community bank group risk officer from banking industry for life with $10M penalty. Two additional executives fined $7M and $1.5M. Actions are last OCC penalties against 11 executives linked to fake accounts scandal.
Key Details
Agency
OCC
Date
January 15, 2025
Severity
Serious
Penalty
$18500000
Location
Corporate-wide
Domain
Governance