Wells Fargo & Co's board is likely to eliminate 2016 bonuses for the bank's top executives following the bogus account scandal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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The board met in��late January and discussed withholding bonuses for senior executives, including Chief Executive��Timothy Sloan��and Chief Financial Officer��John Shrewsberry,��the WSJ said.
The board is expected to finalize its decision, which could affect annual incentive awards that are paid in cash or stock, in coming weeks.
A Wells Fargo spokesman declined to comment.
(Reporting by Sweta Singh in Bengaluru; Editing by Savio D'Souza)