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Wells Fargo CEO John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Photo / AP

Wells Fargo CEO to give up $56m

CEO of Wells Fargo agreed to forfeit $56m in performance pay as thousands of low-level employees allegedly set up sham accounts…

No rate cut expected next week

Reserve Bank Governor Graeme Wheeler. Photo / Mark Mitchell.

The Reserve Bank is expected to hold fire from cutting interest rates next week until it can get a better steer on the inflation…