Embroiled in scandal, Wells Fargo CEO resigns
John Stumpf has stepped down as CEO and chairman of Wells Fargo. The bank’s president Tim Sloan will take over as CEO immediately.
Wells Fargo CEO faces lawmakers, apologizes again
Wells Fargo's CEO, newly stripped of tens of millions in compensation, will face lawmakers with more defenses than he had in the last round.
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Were Wells Fargo employees under unfair sales pressure?
Wells Fargo chief John Stumpf apologized before Congress Tuesday for the bank opening two million unauthorized accounts. Regulators say workers were under sales pressure, but Stumpf said it was not a scheme. More than 5,000 workers have been fired; lawmakers…
Elizabeth Warren tells Wells Fargo CEO to resign over fake accounts
Chief Executive John Stumpf said he was "deeply sorry" that the bank failed to meet its responsibility to customers and didn't act sooner to stem "this unacceptable activity."…
The Consumer Financial Protection Bureau fined Wells Fargo $100 million for illegal banking practices on Thursday.
A surge in December hiring pushed the nation's unemployment rate to 8.5 percent, the lowest it's been in three years. Jeffrey Brown discusses the meaning of the most recent jobs report with Mesirow Financial's Diane Swonk and Mark Vitner of…
A new Washington Post/ABC News poll finds that 57 percent of those surveyed say an economic turnaround has not yet begun in the U.S. Gwen Ifill discusses what's next for the economy -- and the political implications -- with USA…
Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis.
Question: Wells Fargo just announced quarterly financials in very positive position. Do you think this is a really significant event? How should we evaluate the latest numbers? Paul Solman: Your guess is as good as mine, Sheldon. I’ll quote again…
