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Former Wells Fargo chief banned for life

Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016.

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Read more: Wells FargoOCCJohn StumpfJoseph OttingCharlie ScharfHope HardisonMichael Loughlin