Wells Fargo revokes 2016 bonuses for top execs; warns there could be more fake accounts

Wells Fargo announced Wednesday that it plans to claw back the cash bonuses for eight of its top senior executives, including the bank’s new CEO, Tim Sloan, as the fallout from the bank’s fake account scandal continues. But as it turns out, Wells Fargo may be facing more fake account fallout, as the bank also warned investors Wednesday that there could be more victims of fake accounts than previously disclosed.