You are here

Wells Fargo chief quits after fake account scandal

BT_20161014_KVWELLS14_2546957.jpg
Mr Stumpf has taken responsibility for the problems, but will not admit anything wrong with the bank's culture.

New York

THE scandal engulfing Wells Fargo toppled its chairman and chief executive on Wednesday as John Stumpf announced his departure from the company, effective immediately. The move was a swift and stunning fall for an executive whose bank made it through the 2008 financial crisis

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom