US regulator plans enforcement actions against former Wells Fargo executives: Source

WASHINGTON (Reuters) - One of Wells Fargo & Co's top regulators plans to bring enforcement actions against as many as 10 former executives in relation to the bank's sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters.

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WFCWELLS FARGO & COMPANY24.17-0.29-1.19%

The Office of the Comptroller of the Currency (OCC) actions may result in monetary penalties against the executives and bans from working for OCC-regulated banks, the person said. Wells Fargo declined to comment. A spokesman for the OCC did not immediately provide comment.

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(Reporting by Karen Freifeld, Chris Prentice, Peter Schroeder and Imani Moise; editing by Michelle Price and and Jonathan Oatis)

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