Wells Fargo advised its shareholders Wednesday to ratify its reappointment of KPMG as the bank’s auditor, even though the accounting giant failed to detect rampant sales abuses at the San Francisco megabank.

The $1.9 trillion-asset bank also revealed that CEO Timothy Sloan, who took the helm in October following John Stumpf’s resignation, was paid $12.83 million in 2016.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.