Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation
- Warren urges criminal probe of Stumpf, urges him to return pay
- CEO says he will respect any decision by board of directors
Warren to Stumpf: You Should Resign, Face Prosecution
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John Stumpf arrived at Tuesday’s Senate Banking Committee hearings with one hand in a bandage. He left even more battered and bruised.
The Wells Fargo & Co. chief executive officer took fire from Democrats and Republicans alike, who blasted the executive’s handling of a scandal over the opening of more than 2 million accounts without customers’ authorization, as employees sought to meet cross-selling targets.