More Wells Fargo & Co. customers may have been affected by the recent sales scandal than previously estimated. An estimated 2.1 million customers may have had checking and credit-card accounts opened without their permission over a period of several years.
As part of an expanded review, there could be "an increase in the identified number of potentially impacted customers," said Wells Fargo. The search now covers a broader time frame, from 2009 to September 2016. Eight senior executives, including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry, will not receive a total of $32 million in cash bonuses for 2016. The bank also dismissed four mid-level executives as part of the probe.