Elizabeth Warren takes on Wells Fargo CEO John Stumpf.
Facing off with the CEO whose massive bank appropriated customers’ information to create millions of bogus accounts Tuesday, Sen. Elizabeth Warren, D-Mass., had sharp questions for Wells Fargo CEO John Stumpf. Warren also said Stumpf made millions of dollars in the “scam,” telling him, “You should resign … and you should be criminally investigated.”
As we’ve reported before, Wells Fargo is paying $185 million in penalties for acts that date to at least to 2011. The firm says it fired some 5,300 employees who were found to have created false accounts as it sought to increase “cross-selling” — building the number of accounts each customer holds.
Employees at the bottom … Read the rest
