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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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News video: Wells Fargo CEO To Address Scandal Before Senate Panel; Audio Excerpt

Wells Fargo CEO To Address Scandal Before Senate Panel; Audio Excerpt 00:35

Wells Fargo has been feeling the heat after being under a spotlight since it was revealed earlier this month that it was being fined $185 million to settle allegations that it secretly opened unauthorized accounts for customers in order to meet sales goals. Before the Senate Banking Committee on...

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Twitter

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teresa chard Wells Fargo CEO Resigns from Fed Board https://t.co/sBCgsUZLOs 1 hour ago

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Marty Yates RT @MorningsMaria: Wells Fargo CEO #JohnStumpf Resigns from San Francisco Fed's Advisory Council. $WFC https://t.co/RP4qZ7fm63 https://t.c… 2 hours ago

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tom ronan Wells Fargo CEO Resigns from Fed Board https://t.co/G0D1Vsgz9Q 7 hours ago

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Rev.Dr.C.F.DiNitto Wells Fargo CEO Resigns from Fed Board https://t.co/dwMMw6hssg 9 hours ago

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Smith&Co ⚖ ™ RT @pdacosta: #WellsFargo CEO resigns from @SFFed's advisory council https://t.co/ZdamC9Lv1L 11 hours ago

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Lauren Terry RT @business: Wells Fargo CEO John Stumpf resigns from the Federal Reserve’s Federal Advisory Council https://t.co/ue7irvUMBl https://t.co/… 13 hours ago

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