You are here

Wells Fargo chief quits after fake account scandal

Friday, October 14, 2016 - 05:50

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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom