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Wells Fargo CEO John Stumpf To Resign In Wake Of Scandal

FILE - In this Tuesday, Sept. 20, 2016 file photo, Wells Fargo Chief Executive Officer John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Facing bipartisan outrage from a Senate... FILE - In this Tuesday, Sept. 20, 2016 file photo, Wells Fargo Chief Executive Officer John Stumpf testifies on Capitol Hill in Washington, before the Senate Banking Committee. Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Stumpf appeared taken aback by the intensity of the verbal lashing. He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a "scam." (AP Photo/Susan Walsh, File) MORE LESS
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October 12, 2016 5:13 p.m.
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SAN FRANCISCO (AP) — Wells Fargo CEO John Stumpf to resign, effective immediately, in wake of scandal over bank’s sales practices.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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