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BRIEF-Wells Fargo terminates employment of four managers in connection with sales scandal
February 21, 2017 / 6:31 PM / 10 months ago

BRIEF-Wells Fargo terminates employment of four managers in connection with sales scandal

Feb 21 (Reuters) - Wells Fargo & Co:

* Wells Fargo announces actions based on Retail Banking sales practices investigation

* Employment of four current or former Community Banking senior managers terminated

* Independent investigation is ongoing; findings expected before 2017 annual meeting

* None of the executives will receive bonus for 2016, they will forfeit all their unvested equity awards and vested outstanding options

* Managers in Community Banking who have been terminated are Claudia Russ Anderson, Pamela Conboy, Shelley Freeman, Matthew Raphaelson Source text for Eikon: Further company coverage:

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