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Wells Fargo looks to rebuild reputation with new compensation plan

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Wells Fargo looks to rebuild reputation with new compensation plan

Wells Fargo looks to rebuild reputation with new compensation plan*/

– The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016.REUTERS/Rick Wilking/File PhotoWells Fargo & Co (WFC.N) has unveiled a new compensation structure for branch bankers as it tries to recover from a scandal driven by aggressive sales targets that slammed its share price and led to the resignation of Chief Executive John Stumpf.The new plan creates incentives based on customer service rather than sales goals, is longer-term in nature and includes additional monitoring of sales activities, according to an internal document provided by Mary Eshet, a bank spokeswoman.
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BRIEF-First Interstate Bancsystem terminated its trademark license agreement with Wells Fargo & Co, its affiliated entities on Jan. 12

BRIEF-First Interstate Bancsystem terminated its trademark license agreement with Wells Fargo & Co, its affiliated entities on Jan. 12*/

– JGBs mixed, steepening in yield curve reversedTOKYO, Jan 13 Long-dated Japanese government bond yields edged down slightly while shorter yields rose marginally on Friday, as a few players took profits from their bets that the yield curve will be steepening.
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