New York pension fund seeks more pay disclosure from Wells Fargo

New York pension fund seeks more pay disclosure from Wells Fargo

REUTERS: New York State comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.

DiNapoli oversees the New York State Common Retirement Fund, the third largest U.S. state pension fund with more than US$200 billion in assets, and a top 50 Wells Fargo shareholder with nearly 14 million shares.

(Reporting by Dan Freed in New YorkEditing by Chizu Nomiyama)

Source: Reuters

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