In the News

Title

Wells Fargo’s CEO: The Buck Stops With My Workers

Document Type

Article

Publication Date

9-14-2016

Abstract

Wells Fargo CEO John Stumpf will get grilled by the Senate Banking Committee next week about what the government has described as the bank’s “widespread illegal practice of secretly opening unauthorized deposit and credit card accounts” for customers. With public and political outrage still radiating after the bank got hit last week with $185 million in fines for opening more than 2 million sham accounts, Stumpf has started to tease out his defense in an interview with The Wall Street Journal.