Leaving the Net-Zero Banking Alliance could damage the bank’s image with other client organisations, expert warns.

Diony Lebot, formerly of Société Générale, and Wells Fargo’s Mary Mack will join the company in March and June respectively.

Withholding of votes reaches peak level, sending a signal that shareholders are unhappy with S&P500 directors.

Shareholders vote to retain the Wells Fargo board, but some directors hold on to their seats with only weak support.

Proxy advisers have already proposed that investors vote against the reappointment of chairman Stephen Sanger.

Scandal-hit bank moves to permanently change boardroom rules for senior roles.

To promote ethical behaviour, companies should emphasise community, not just consequences.

The scandal at Wells Fargo comes as the proposed CHOICE Act attempts to roll back governance provisions in the US.

US bank boss will apologise today over a scandal that has seen shareholders demand the roles of chairman and chief executive be split.