wells fargo fraud case
-
Wells Fargo CEO John Stumpf Retires, Effective Immediately
Wells Fargo & Co. Chairman and CEO John Stumpf has informed the company’s board of directors that he will be stepping down from both positions effective immediately, the San Francisco-based bank said Wednesday. The bank’s board elected President and Chief Operating Officer Tim Sloan to replace Stumpf, the Charlotte Observer reports. Stumpf’s retirement comes after…
-
Ill. the Latest State to Suspend Business With Wells Fargo
Illinois State Treasurer Michael Frerichs said Monday that his office will suspend investment activity with Wells Fargo in light of the bank’s ongoing fraud scandal and investigation, USA Today reports. “Wells Fargo is a big financial player in Illinois, and I hope to send the message that their unscrupulous practices are not welcomed and will not…