September 28, 2016 - Orlando, Florida, United States - A Wells Fargo bank building is seen in Orlando, Florida on September 28, 2016. The state of California announced on September 28, 2016 that it was dropping Wells Fargo bank as its bond underwriter and broker-dealer for one year due to the recent scandal involving the bank's sales practices that led to a $185 million settlement with regulators. Chairman and CEO John Stumpf will also forfeit about $41 million in unvested equity and will temporarily forgo his salary. He is scheduled to appear before Congress for a second time tomorrow while t

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September 28, 2016 - Orlando, Florida, United States - A Wells Fargo bank building is seen in Orlando, Florida on September 28, 2016. The state of California announced on September 28, 2016 that it was dropping Wells Fargo bank as its bond underwriter and broker-dealer for one year due to the recent scandal involving the bank's sales practices that led to a $185 million settlement with regulators. Chairman and CEO John Stumpf will also forfeit about $41 million in unvested equity and will temporarily forgo his salary. He is scheduled to appear before Congress for a second time tomorrow while the Labor Department opens an investigation of the bank's practices. In early September, Wells Fargo said it had fired 5,300 employees for opening at least 2 million fake accounts for customers since 2011 in order to meet sales quotas. (Paul Hennessy/Alamy)

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Size: 4200px × 2506px
Photo credit: © Paul Hennessy / Alamy / Afripics
License: Licensed
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Keywords: accounts, bank, business, california, customers, fargo, finance, financial, florida, fraud, john, money, orlando, practices, sales, sanction, scandal, stumpf, wells