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Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
Carrie Tolstedt was sentenced to three years of probation including six months of home confinement by U.S. District Judge Josephine Staton in Los Angeles. (Reuters) -The former head of Wells Fargo ...
Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal.
Carrie Tolstedt is the longtime former head of Wells Fargo’s retail banking division, and is also facing prison in another case. Former Wells Fargo exec misled investors, SEC said. She’ll pay ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Carrie Tolstedt, who headed the department, retired in July 2016 and received $124.6 million in stock, options, and restricted Wells Fargo shares as a retirement package. [146] [147] On October 12, 2016, John Stumpf, the then chairman and CEO, announced that he would be retiring amidst the scandals.
In March, Carrie Tolstedt, the veteran leader of Wells Fargo’s retail banking division, agreed to plead guilty in federal court to obstructing a government examination of the bank’s misconduct ...
Arrested Development is an American television sitcom that originally aired on Fox from November 2, 2003 to February 10, 2006. A fourth season of 15 episodes was released on Netflix on May 26, 2013, and a fifth season was released in two parts on May 29, 2018 and March 15, 2019.