• Wells Fargo & Co. said it will withhold 2016 cash bonuses from eight senior executives and claw back compensation received in 2014 as the board holds managers accountable for the bogus-account scandal that hit the company last year. Among the affected is its general counsel, James Strother. ( Bloomberg ) The bank also warned investors it may find more victims of the scam. Separately, it said U.S. authorities are examining whether other firms abused its technology to violate international sanctions. ( Bloomberg )
• Herbert Smith Freehills won its lawsuit in Australia against eight partners who defected to White & Case. ...
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