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Wells Fargo CEO Stumpf to Resign

Wednesday, October 12, 2016

 

John Stumpf

Wells Fargo Chairman CEO John Stumpf will resign from his position in the wake of scandal over the bank's sales practices. The resignation is effective immediately. 

The scandal resulted in a $185 million settlement with the Consumer Financial Protection Bureau and the firing of over 5,000 employees. 

GoLocal teams with Graphiq for more. 

 

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