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Senator Elizabeth Warren, a Democrat from Massachusetts, questions John Stumpf, chief executive officer of Wells Fargo & Co., during the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., U.S., on Tuesday, Sept. 20, 2016.
Sen. Elizabeth Warren said former Wells Fargo CEO John Stumpfneeded to do more in the wake of a sales scandal in which as many as 2 million accounts were opened without customer authorization.
Stumpf retired on Wednesday amid questions about the bank’s sales practices, which resulted in $185 million in penalties. Last month, Warren grilled the then-CEO, accusing him of “gutless leadership” andfailing to hold himself accountable for his staff’s actions.
Warren tweeted on Wednesday that she would still like to see Stumpf “return every nickel he made” during the period the fake accounts were opened, as well as face an investigation by the Department of Justiceand Securities and Exchange Commission.
source”gsmarena”
