Morning Scan: Wells Fargo's New Pay Plan; Banks Borrow

Wall Street Journal

New deal: Wells Fargo is expected to roll out a new retail banking compensation plan that, according to a bank spokeswoman, "eliminates sales goals, measures performance based on customer experience and adds more oversight and risk" management. The program, which is expected to be unveiled this week, is "an attempt to fix what many believe was one cause of its sales-tactics scandal," the paper said. The plan will focus on customer service, usage...