john stumpf

National
Economy

Wells Fargo Claws Back $75 Million More From 2 Executives Over Fake Accounts

12:14pm April 10, 2017

by Bill Chappell

Former CEO John Stumpf "was too slow" to realize the risk of sales practices, the bank's board says. The scandal also brought a $185 million punishment from the Consumer Financial Protection Bureau.

National
Economy

Wells Fargo CEO To Forfeit Tens Of Millions In Stock Awards Amid Scandal

8:55pm September 27, 2016

by Jim Zarroli

Wells Fargo says John Stumpf and the former retail-banking head will forfeit stock awards worth about $60 million combined, after employees opened unauthorized customer accounts to meet company goals.