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You Searched For "John Stumpf" and got 20 results


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2 mins read

SEC charges Wells Fargo's former CEO and top executive for misleading investors over success of its core business

Stumpf signed and certified documents with the SEC in 2015 and 2016 when he should have known they …

Shalini Nagarajan   


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3 mins read

Former Wells Fargo CEO John Stumpf has no one to blame but himself

The bank came under pressure over the large compensation package of Carrie Tolsted, the executive w…

Bob Bryan   


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1 min read

Wells Fargo is considering taking back some of CEO John Stumpf's compensation

The nearly $50 million in stock-based compensation given to Tolstedt while she oversaw the division…

Bob Bryan   


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1 min read

Wells Fargo CEO John Stumpf is back on Capitol Hill to get grilled by Congress

"We continue to believe that today's House Financial Services Committee hearing on the Wells Fargo …

Bob Bryan   


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2 mins read

Wells Fargo board slams former CEO Stumpf for accounts scandal, claws back another $28 million

"His reaction invariably was that a few bad employees were causing issues, but that the overwhelmin…

Bob Bryan   


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2 mins read

Ohio is dumping Wells Fargo after John Kasich called the bank a 'disgrace'

"In terms of what law you could pass, I don't know," Kasich told Business Insider. "I mean if there…

Allan Smith,Bob Bryan   


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2 mins read

Wells Fargo names its next CEO: BNY Mellon's Charles Scharf

Scharf will also join Wells Fargo's board of directors. Prior to his tenure at BNY Mellon, he serve…

Carmen Reinicke   


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4 mins read

A Stanford finance professor explains why there's no such thing as 'deregulation' - no matter what politicians claim

Stanford finance professor Anat Admati argues that 'deregulation' allows corporations to only care …

Paul Constant   


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1 min read

Wells Fargo close to roughly $3 billion settlement that would end probes into sales practices

The settlement would be just the most recent in a slew of sanctions the bank has faced since the sc…

Gwen Everett   


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2 mins read

American Express employees strong-armed small businesses to boost sales, according to former customers and employees

Employees reportedly checked customers' credit scores against their wishes, "misrepresented" the fe…

Ellen Cranley,Ellen Cranley   


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2 mins read

WARREN: Wells Fargo's former CEO shouldn't 'simply walk away to enjoy his millions in retirement'

"As I said at the hearing last month, Mr. Stumpf should resign, return every nickel he made while t…

Bob Bryan   


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2 mins read

Wells Fargo bumped their new CEO's salary 40% - to $23 million - to convince him to join

It's also much more than Wells Fargo's last two CEOs were paid, according to the report. Former CEO…

Carmen Reinicke   


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2 mins read

Gary Cohn, Trump's former top economic adviser, was reportedly approached by Wells Fargo board members about becoming the bank's CEO

The book, "Fear: Trump in the White House," detailed numerous clashes between Cohn and Trump, even …

Bob Bryan   


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2 mins read

BUFFETT: Wells Fargo made 3 huge mistakes during the fake accounts scandal but one 'dwarfs all the others'

Wells Fargo settled with regulators in September after it was revealed that employees had opened as…

Bob Bryan   


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1 min read

Wells Fargo says it will cut headcount by as much as 10% in the next 3 years

Wells have been hit with a range of problems over the last several years, beginning with the fake-a…

Olivia Oran   


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2 mins read

ELIZABETH WARREN: Wells Fargo's CEO losing $41 million in stock is a 'small step' but not enough

She also reiterated her claim made during Stumpf's testimony last week to the Senate Banking Commit…

Bob Bryan   


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2 mins read

Elizabeth Warren: Here's how the Justice Department and SEC should criminally investigate Wells Fargo's CEO

During a joint press call with Pennsylvania Democratic Senate candidate Katie McGinty, Warren told …

Maxwell Tani,Bob Bryan   


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3 mins read

Wells Fargo has some explaining to do

"Shareholders have a right to know what will be done to the pay of top executives, to the compositi…

Bob Bryan   


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2 mins read

LIVE: Wells Fargo CEO gets grilled by the Senate

"I do want to make it clear that there was no orchestrated effort, or scheme as some have called it…

Bob Bryan   


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2 mins read

The Fed temporarily eases restrictions on Wells Fargo to boost lending amid 'extraordinary disruptions'

The Fed's growth restriction was put in place after Wells Fargo opened millions of fraudulent accou…

Ben Winck  Â