Wells Fargo CEO John Stumpf is retiring, effective immediately. He'll be replaced by Tim Sloan, who has been with the bank for over 25 years. Stumpf has recently come under fire for a scandal in which bank employees opened 2 million credit and debit card accounts without customers' knowledge.
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Deal Journal has a sort of secret obsession with a webpage called ?This Date in Wells Fargo History? which Wells Fargo kindly updates every single day. On the day of Wells Fargo's annual meeting, CEO John Stumpf should read it.
Wells Fargo CEO John Stumpf, a beneficiary of European banks' pressure to sell U.S. assets, said his old world competitors are less active sellers than they used to be.
Wells Fargo CEO John Stumpf wants desperately to get his bank back on the good side of Americans.
Citadel's former investment banking co-head Brian Maier and about 2 dozen others went to Wells Fargo after Ken Griffin's shutdown forced them out. And the fixed income guys might be going to SocGen. Wells Fargo CEO John Stumpf is sa...