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After leaving yesterday’s Senate Banking Committee hearings, Wells Fargo Chief Executive Officer John Stumpf was blasted by both Democrats and Republicans over his handling of the scandal over the opening of more than 2 million unauthorised customer accountsas employees sought to achieve aggressive sales goals.
According to Bloomberg, Senator Elizabeth Warren reportedly told Stumpf: “You should resign. You should give back the money you took while this scam was going on and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission.”
Warren criticised Stumpf for pushing the blame to lower-level employees, saying: ... (read more)