Luther Hodges Jr., who chaired Bank of America predecessor North Carolina National Bank, has sued the IRS in federal court in Charlotte for refunds after claiming he was fleeced by a Ponzi scheme masterminded by financier R. Allen Stanford.
U.S. Senator Elizabeth Warren took to Twitter on Thursday to criticize Wells Fargo CEO Tim Sloan, saying he should be fired instead of getting the “big, fat raise” disclosed in the bank’s proxy filing on Wednesday.
Wells Fargo on Wednesday disclosed 2017 total compensation for CEO Tim Sloan in the bank’s latest proxy filing. He was awarded $17.4 million in compensation for his work last year, a more than 35 percent increase from the year before
A group of nuns says Wells Fargo will report on the causes of its recent scandals, under an agreement with Interfaith Center on Corporate Responsibility members, including the Sisters of St. Francis of Philadelphia.