Lawyers for former Wells Fargo & Co. general counsel James Strother have vowed to fight new charges from the Office of the Comptroller of the Currency related to the bank’s fake account scandal.
The OCC announced charges Thursday against Strother and four other former executives, including former CEO John Stumpf who agreed to pay $17.5 million and to be barred from participating in the banking industry. The firm’s former chief administrative officer and chief risk officer also settled with the agency, agreeing to pay a combined $3.5 million.
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