Two regional Wells Fargo executives who oversaw operations across a broad swath of Southern California — one of the hot spots in the company’s sales practices scandal — have left the bank. A Wells Fargo spokeswoman confirmed that Marla Clemow and Reza Razzaghipour, former regional presidents, no longer work for the San Francisco banking giant but would not disclose details of their departure. “We can confirm the individuals are no longer with the company, but decline to comment further,” spokeswoman Jennifer Langan said. Their departures come just a few weeks after the bank publicly fired four higher-level executives over the problems with the bank’s sales practices, which were first reported in a 2013 Times investigation. The bank also eliminated sales goals for front-line workers as a part of a reform of its incentive compensation system.

Source: Los Angeles Times March 07, 2017 02:48 UTC