The most senior bank examiner for Wells Fargo has been removed by a U.S. regulator in the wake of the bank's unauthorized accounts scandal, people familiar with the matter told Reuters this week.
The Office of the Comptroller of the Currency, the lead regulator for national banks, stripped the examiner, Bradley Linskens, of his supervisory powers within the last two weeks, said three sources, who were not authorized to discuss the matter publicly.
Linskens did not immediately respond to requests for comment. OCC spokesman Bryan Hubbard declined to comment.
Wells Fargo's board is expected to release a report on Monday detailing what went wrong at the fourth-largest U.S. bank, according to sources familiar with the matter. The bank and its board both declined to comment.
In September, Wells Fargo reached a $190 million settlement with the OCC and other regulators over its opening millions of accounts in customers' names without their permission. At the time, the bank said as many as 2 million accounts were affected, but has since said the number might be larger.
The report is the result of a seven-month investigation by Wells Fargo's board of directors into how and why the sales abuses happened. Thousands of employees were dismissed over the matter, and several have publicly said they opened the fake accounts to hit aggressive sales targets set by managers.