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Wells Fargo CEO Steps Down Amid Sales Scandal

Business & Finance : Business from Newser

Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices, the AP reports. The San Francisco bank said Wednesday that Stumpf is retiring effective im...

John Stumpf's resignation from Wells Fargo won't solve the bank's management problem

Issues & Causes / Environmentalism : Greenspace

Wells Fargo Chairman and Chief Executive John Stumpf fulfilled the prediction of a growing volume of tea leaves Wednesday by announcing his immediate resignation from the bank company. Stumpf’s departure is a clear sign that the ban...

Wells Fargo employees on the front lines say they were so stressed, they were chugging hand sanitizer and having anxiety attacks

Politics : Business Insider: Politix

The Wells Fargo scandal ousted its CEO John Stumpf, drew Congressional ire, and resulted in a $185 million settlement with federal regulators. But employees who say they were forced to open the 2 million accounts to hit quotas were ...

Wells Fargo CEO resigns from Federal Reserve advisory panel following fake-accounts scandal

Business & Finance : LA Times: Business

Wells Fargo & Co. Chief Executive John Stumpf has resigned from a Federal Reserve advisory panel, the latest fallout from the banking giant’s fake-accounts scandal. Stumpf’s move came after five senators called for him not to be rea...

Senator calls for Wells Fargo CEO to resign over sales scandal

Business & Finance : LA Times: Business

Lawmakers ripped into Wells Fargo & Co. head John Stumpf on Tuesday over the banking giant’s sales-practices scandal, with one senator calling on Stumpf to quit as chairman and chief executive. “You should resign,” Sen. Elizabeth Wa...


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