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Pressure mounting on Wells Fargo CEO

John Stumpf makes second congressional appearance in under 10 days on Thursday
Friday, September 30, 2016 - 05:50

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Mr Stumpf is expected to tell lawmakers that Wells Fargo will eliminate sales quotas for branch staff from Oct 1, accelerating a previous plan to halt the practice by Jan 1.

New York

WELLS Fargo & Co's chief executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street.

The bank's move earlier

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