Sep
21

Warren Says Wells Fargo’s Stumpf Should Resign, Face Criminal Investigation

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  • Warren urges criminal probe of Stumpf, urges him to return pay
  • CEO says he will respect any decision by board of directors

John Stumpf arrived at Tuesday’s Senate Banking Committee hearings with one hand in a bandage. He left even more battered and bruised.

The Wells Fargo & Co. chief executive officer took fire from Democrats and Republicans alike, who blasted the executive’s handling of a scandal over the opening of more than 2 million accounts without customers’ authorization, as employees sought to meet cross-selling targets…

Warren Says Wells Fargo’s Stumpf Should Resign, Face Criminal Investigation

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