OCC to Oversee Packing of Wells Fargo’s Golden Parachutes
The OCC is now requiring Wells Fargo to give it 90-days notice and veto power over the bank's proposed changes in directors and senior managers. In addition, the bank will face significant restrictions on its ability to make golden-parachute payments to top execs. In other Wells Fargo news, the top Dem on the Senate Banking Committee is accusing the bank of stonewalling, and account openings plunged 44% in October. [11/21/16]


