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Banks

Bank regulator, OCC, says eyes action against Wells Fargo executives

A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo

WASHINGTON (Reuters) - Thomas Curry, the Comptroller of the Currency, said on Tuesday that his agency is considering action against individual Wells Fargo executives after a customer fraud was detected at the bank.

“The OCC may take formal enforcement actions against institution-affiliated parties, including directors, officers, and employees, who violate any law or regulation, engage in unsafe or unsound practices, or breach fiduciary duty,” Curry told a hearing of the Senate Banking Committee.

Reporting By Patrick Rucker

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