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Stocks flat ahead of Yellen speech, Wells Fargo claws back $75M in executive pay

Stocks (^DJI, ^GSPC, ^IXIC) kicked off the week in the green as Q1 earnings season kicks off this week, with big banks reporting results on Thursday.
Catch Market Movers at 9:25 a.m. ET with Alexis Christoforous and Yahoo Finance markets correspondent Nicole Sinclair, markets reporter Myles Udland and reporter Melody Hahm.

Here are the stories the Yahoo Finance team is covering for you today.

Wells Fargo’s massive clawbacks

The bank’s (WFC) board of directors has decided to claw back an additional $75 million from former CEO John Stumpf and former retail bank head Carrie Tolstedt. This comes as the board closes a six-month investigation into years of sales-abuses at the bank which led to a $185 million fine and two congressional hearings.

Delta’s Delay dilemma

Shares of Delta (DAL) are higher in early trading, despite reports it’s struggling to recover from thunderstorms last week that led to the cancellation of over 3,000 flights. The airline was hardest hit by the East Coast storms, in part because its hub is based in Atlanta. Delta said it is expecting a “relatively normal operational day” today.