WASHINGTON (AP) — Angry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed.
Chief Executive John Stumpf, newly stripped of tens of millions in compensation, told the House Financial Services Committee that the bank is expanding its review of accounts and will evaluate executives' roles.
Wells Fargo chairman and CEO John Stumpf? ?testified Tuesday in front of the ??Senate Banking? ?Committee? ?about the bank's allegedly illegal sales practices. … Click to Continue »
The House Financial Services Committee on Friday announced an investigation of the allegedly illegal activity by Wells Fargo employees to meet aggressive sales goals as well as the role of federal regulators in the debacle. In some ...
Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, … Click to Continue »
Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail ban...