Outraged senators castigated Wells Fargo & Co. Chief Executive John Stumpf this week for not seeking to take back some of the $100 million awarded to a retiring executive who oversaw the division at the heart of the company’s fake-accounts scandal. But whenever Stumpf, 63, eventually departs from...
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 reappointed to the Federal Advisory Council, a 12-member body that...
Decision comes two days after John Stumpf faced bipartisan outrage from a Senate panel over scandal involving bogus accounts
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
I've got a new piece over at Shareblue about John McCain and his desperate, cynical, shameful maneuvering as he's locked in a tight battle for reelection to the Senate:John McCain has some Trump Trouble.Trump is not the sort of candidate a war hero like McCain wants to support, given Trump's willingness to refer to the U.S. Show More Summary
Wells Fargo CEO John Stumpf — whom Massachusetts senator Elizabeth Warren recently said should be "criminally investigated" over a scandal involving sham accounts — was the highest-paid banker in the country last year, according to an analysis of corporate filings from USA Today. 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."''
Liberal Massachusetts Senator Elizabeth Warren confronted John Stumpf, the CEO of Wells Fargo bank at a congressional hearing recently. She said that high-level executives like him should have to resign after it was revealed that his company's shady sales incentives led to the defrauding of numerous customers. Cartoon by Ted Rall.
Click here for reuse options! "You should be criminally investigated." Wells Fargo CEO John Stumpf was on the hot seat Tuesday when he faced Massachusetts senator Elizabeth Warren and other angry lawmakers at a Senate Banking Committee hearing designed to investigate the bank’s widespread rip-off of its customers. Show More Summary
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
Senator Elizabeth Warren's attack on Well Fargo's CEO John Stumpf (and big finance) is long overdue.
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
Senator Elizabeth Warren delivered a riveting sermon to Wells Fargo CEO John Stumpf yesterday over the massive scam by the company to increase its cross-selling numbers by creating millions of fake accounts under customers’ names. More than 5,0… Read The post Elizabeth Warren Delivers Withering Takedown of Wells Fargo CEO: ‘You Should Resign’ — WATCH appeared first on Towleroad.
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