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Wall Street pay plan too weak to deter another Wells Fargo, Senate Dems say

By Neil Roland ( November 3, 2016, 20:09 GMT | Insight) -- Elizabeth Warren and 14 other Democratic US senators are asking that a federal proposal to restrict Wall Street bonuses be strengthened, citing Wells Fargo’s compensation for executives who oversaw widespread sales abuses. The letter, written during the last two weeks of the US presidential campaign, offers a counterweight to banks' arguments that the regulatory plan would spur financial executives to “flee” to other industries or countries.Elizabeth Warren and 14 other Democratic US senators are asking that a federal proposal to restrict Wall Street bonuses be strengthened, citing Wells Fargo’s compensation for executives who oversaw widespread sales abuses....

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