HOT or NOT April: What’s trending in housing right now

Wells Fargo announced March 1 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. According to the bank, the revocation of the senior executives’ bonuses are “not based on any findings of improper behavior in the board of directors’ ongoing independent investigation” into how 5,000 of the bank’s former employees opened as many as 2 million accounts without authorization in order to get sales bonuses.

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