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Wells Fargo's community banking exec reportedly leaving with $124.6 million

A Wells Fargo executive is walking away from the bank with $124.6 million, according to Fortune.

The bank in July announced the departure of Carrie Tolstedt, former head of community banking, saying she made the decision to "retire at year's end after a long and successful career."

Fortune's report comes soon after officials announced last week that Wells Fargo will pay $185 million in penalties and $5 million to customers for opening fee-generating accounts without authorization to do so. Over a five-year period, 5,300 Wells Fargo employees were fired over the practice cited by the Consumer Financial...