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Wells Fargo CEO resigns from Federal Reserve advisory panel following fake-accounts scandal

L.A. Times Friday, 23 September 2016 ()
Wells Fargo & Co. Chief Executive John Stumpf has resigned from a Federal Reserve advisory panel, the latest fallout from the banking giant’s fake-accounts scandal.

Stumpf’s move came after five senators called for him not to be reappointed to the Federal Advisory Council, a 12-member body that...
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Source: Newsy Studio - < > Embed

News video: Wells Fargo Scandal Costs CEO John Stumpf Millions

Wells Fargo Scandal Costs CEO John Stumpf Millions 00:49

Wells Fargo CEO John Stumpf is forfeiting $41 million in stock in the wake of his company's fake account scandal.

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