Wells Fargo Board Claws Back $28M More From Former CEO

The transcript discusses Wells Fargo's ongoing investigations and actions taken by the board, including financial recoveries from former executives. It also examines the broader impact on US banks, noting that while Wells Fargo underperformed due to the scandal, the sector at large has moved past it, focusing more on issues like the yield curve and deregulation.

What was the response of the chairman of the board regarding the ongoing investigations?

What are some of the other issues driving bank performance aside from the scandal?