Share

Wells Fargo CEO John Stumpf is out

Wells Fargo CEO on Capitol Hill

Embattled Wells Fargo CEO John Stumpf will retire effective immediately, a association announced Wednesday, imprinting a overwhelming rain for one of a banking industry’s many absolute figures.

The Wells Fargo (WFC) trainer is out in a arise of a inhabitant conflict that erupted after regulators indicted a bank of formulating more than dual million feign bank and credit label accounts. The association certified to banishment 5,300 workers over several years.

Article source: http://rss.cnn.com/~r/rss/edition_business/~3/SnIUPJCT2CE/index.html