Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty.

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From: Banking Law360 <news-alt@law360.com>
Date: Wed, Mar 15, 2023, 3:04 PM
Subject: BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M
To: <g@xny.io>


Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty.
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BREAKING: Ex-Wells Fargo Retail Bank Head Pleads Guilty, Fined $17M

By Jon Hill

Federal authorities said Wednesday that Carrie Tolstedt, the former head of Wells Fargo's community banking division, has agreed to plead guilty to obstructing regulators' probe of the banking giant's past sales practices misconduct and pay a related $17 million civil penalty.

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