Last week, Congress engaged in a bipartisan barrage of CEO bashing. The Senate Banking Committee assailed Wells Fargo CEO John Stumpf for pushing employees to create as many as two million bogus bank and credit card accounts without customer’s consent – making customers pay overdraft and late fees...
Click here for reuse options! Hollering at them won't work; Congress needs to take action. Last week, Congress engaged in a bipartisan barrage of CEO bashing. The Senate Banking Committee assailed Wells Fargo CEO John Stumpf for pushing...Show More Summary
Last week, Congress engaged in a bipartisan barrage of CEO bashing.The Senate Banking Committee...
Elizabeth Warren — who is one of two Senators of the United States representing the state of Massachusetts — is featured in this video at the Senate Banking Committee hearing entitled An Examination of Wells Fargo’s Unauthorized Accounts and the Regulatory Response on Tuesday, September 20, 2016. Show More Summary
To the editor: The Senate Committee hearing made a compelling case that Wells Fargo Bank committed fraud when opening and maneuvering account services without the customer’s approval or knowledge. ( “‘You should resign’” Sept. 21, “Wells’ poor excuse for a CEO,” Business, Sept. 21 and “Wells is...
by Dawna Jones, Connecting Decisions to Creating Prosperity The CEO of Wells Fargo, before the US Senate Banking Committee on September 20th, 2016, was repeatedly requested by Senator Elizabeth Warren to accept some degree of accountability for the opening of unauthorized accounts to meet sales targets. Show More Summary
The most anticipated face-off of Tuesday's Senate Banking Committee hearing did not disappoint: Democratic firebrand Sen. Elizabeth Warren grilled Wells Fargo CEO John Stumpf in a blistering exchange where she accused him of "gutless...Show More Summary
``When Wells Fargo chairman and chief executive John Stumpf sat before the Senate Banking Committee this week, he represented a bank too big to fail, too sprawling to manage and too arrogant to own up to its failures... Stumpf informed the senators that what Wells Fargo did "was not a scam," disputed that "this is a massive fraud" and said he had no idea "why people did this."''
The Democratic firebrand delivered an epic grilling of Wells Fargo CEO John Stumpf at Tuesday's Senate Banking Committee hearing
Wells Fargo CEO John Stumpf faced harsh accusations from members of both parties when he appeared before the Senate Banking Committee. Some of the harshest criticism came from the head of the committee, GOP Senator Richard Shelby, who...Show More Summary
In case there was any doubt about Elizabeth Warren’s feelings toward John Stumpf, the C.E.O. of Wells Fargo, it was cleared up on Tuesday during a hearing before the Senate Banking Committee. “Okay, so you haven’t resigned, you haven’t...Show More Summary
Wells Fargo CEO John Stumpf was on the hot seat Tuesday when he faced Senator Elizabeth Warren of Massachusetts and other angry lawmakers at a Senate Banking Committee hearing designed to investigate the bank's widespread rip-off ofShow More Summary
On Tuesday, Wells Fargo CEO John Stumpf testified before the Senate Banking Committee regarding the company's recent fraudulent account scandal. The post Wells Fargo CEO Tells Congress Bank’s Culture Not To Blame appeared first on Shadowproof.
Wells Fargo CEO John Stumpf endured a nearly three-hour questioning from the US Senate Banking Committee on Tuesday. Stumpf was constantly took to task by Senators, both Democratic and Republican alike, for the scandal in which Wells...Show More Summary
Yesterday, Wells Fargo CEO John Stumpf addressed the Senate Banking Committee about his bank's years of fraud, driven by threats of firing for low-level employees if they didn't meet unrealistic sales-targets, overseen by an executive...Show More Summary
Watch Sen. Elizabeth Warren's full, heated exchange with Wells Fargo CEO John Stumpf during a hearing of the U.S. Senate Committee for Banking, Housing, & Urban Affairs.
USA Today reports: Wells Fargo CEO John Stumpf told the Senate Banking Committee he was “deeply sorry” Tuesday over allegations the bank opened millions of accounts without customers’ permission in order to meet aggressive sales quotas. Show More Summary
Sen. Elizabeth Warren pounded Wells Fargo CEO John Stumpf with questions over alleged fraud under his leadership at the company. She grilled him during a hearing of the U.S. Senate Committee for Banking, Housing, & Urban Affairs.
Yesterday’s Senate Banking Committee hearing on Wells Fargo should have ended with CEO John Stumpf hauled off in handcuffs. In a little over two hours, Stumpf revealed enough information, combined with what was already known in public records and filings, to make a powerful case for securities fraud. Show More Summary