Sen. Elizabeth Warren has a demand for Wells Fargo CEO John Stumpf: Quit, and do so in disgrace.
“You should resign,” Warren said Tuesday during a hearing held by the Senate Banking Committee over widespread customer fraud that resulted in a $185 million fine. “You should give back the money that 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.
In early September, regulators for California and the federal government joined forces to levy one of the largest fines to ever hit a U.S. financial institution. Investigators found that Wells Fargo employees had opened more than two million accounts on behalf of some of the bank’s customers without authorization. …
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Elizabeth Warren takes Wells Fargo CEO to the woodshed over fake accounts
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