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John Gerard Stumpf (born September 15, 1953) [2] is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005.
The company wants to bolster its reputation after creating millions of fake bank and credit card accounts, resulting in a large scandal and $185M in fines.
Wells Fargo's board of directors will release its investigation into the bank's fraudulent accounts scandal, pinning blame on two former executives.
The creation of these fake accounts continues to have legal, financial, and reputational ramifications for Wells Fargo and former bank executives as recently as September 2023. [2] [3] Wells Fargo clients began to notice the fraud after being charged unanticipated fees and receiving unexpected credit or debit cards or lines of credit. Initial ...
"We are delivering on our strategy to expand our credit card business," said John Stumpf, Chairman and CEO of Wells Fargo. "Our goal is to offer Wells Fargo customers a suite of cards that help ...
Former CEO John Stumpf was also hit with a $17.5 million civil penalty. Former Wells Fargo CEO barred from industry, other execs charged for role in phony account scandal Skip to main content
Wells Fargo & Co's U.S. regulator on Thursday announced it had banned former Chief Executive John Stumpf from the banking industry and charged him and seven other former executives combined more ...
The $2.5-million fine imposed by the SEC on Wells Fargo's John Stumpf isn't even a slap on the wrist. Column: In legal settlement, Wells Fargo's discredited ex-CEO gets a wet smooch from the SEC ...