John Stumpf

The United States Department of Treasury's Office of the Comptroller of the Currency on Thursday announced that former Wells Fargo & Company (NYSE: WFC) CEO John Stumpf has agreed for a lifetime industry ban for his role in the sales fraud at the bank. Stumpf's Role In The Scandal...

Just as the 2016 had several positives to write home about, it was also marred by some scandals that shook the faith of investors. The markets, however, came unscathed, as reflected by the strong gains recorded by the major averages for the year. Even some of these companies mired in...

The bank earnings season is upon us thick and fast, and a name that thus far symbolized stability and safety has made investors sweat ahead of its earnings, thanks to the customer account scam. Key Metrics Wells Fargo & Co (NYSE: WFC) said in release ahead of the market open Friday that its...

CNBC's Brian Sullivan blasted Wells Fargo & Co (NYSE: WFC) and its exiting CEO John Stumpf, who is leaving the scandal-plagued bank with a huge payout. According to Sullivan, Stumpf's "$100+ million, headline-grabbing payout" is not only "another black eye" for the stock market, but its a...

After weeks of political pressure from Sen. Elizabeth Warren and others, Wells Fargo & Co (NYSE: WFC) CEO John Stumpf has opted to retire. The Wells Fargo board reportedly welcomed the decision in the wake of the company’s highly-publicized fake account scandal. Stumpf isn't the...

Sen. Elizabeth Warren blasted Wells Fargo & Co (NYSE: WFC)'s former CEO John Stumpf and demanded that he resign, return all the money he earned when he was head of the bank during the fake-account opening scandal and face a Department of Justice and SEC investigations. In a tweet on...

Wells Fargo & Co (NYSE: WFC) needed to do something drastic to its management roster to put behind its fake-account opening style. According to Gadfly's Michael Regan, it was "obvious" that the bank's CEO John Stumpf couldn't contain the backlash if he continues to serve as the company's...

According to the Wall Street Journal, Federal Reserve Chairwomen Janet Yellen said that the central bank will scrutinize all big banks following the Wells Fargo & Co (NYSE: WFC) scandal in which millions of phony bank accounts were created for clients without their knowledge or desire. Speaking...

The scandal plaguing Wells Fargo & Co (NYSE: WFC) is showing no signs of dying down and the company's CEO John Stumpf's decision to forego $41 million in pay may not be sufficient. In an interview with Bloomberg Television Wednesday, FBR Capital Markets' banking analyst Paul...

Fresh from the controversy surrounding the opening of fake accounts, Wells Fargo & Co (NYSE: WFC) seems to be embarking on damage control measures. According to a Wall Street Journal report, executives at the beleaguered bank are in line for pay cuts. The report singled out the company's...

Wells Fargo & Co (NYSE: WFC)'s stock has shed $25 billion following a massive scandal involving millions of fake bank accounts being created, which resulted in more than 5,000 employees being fired. The scandal may have taken a turn for the worse following a CNN Money report which...

Wells Fargo & Co (NYSE: WFC) has been under heavy scrutiny after the scandal broke that the company opened up over 2 million fake accounts. Democratic presidential nominee Hillary Clinton chimed in and said she was "deeply disturbed" by Wells Fargo illegal practices in an open letter to its...

Senator Elizabeth Warren just blasted Wells Fargo & Co (NYSE: WFC)'s CEO John Stumpf for his "gutless" leadership. Stumpf faced the wrath of Senators on Tuesday when he testified in front of the Senate Committee on Banking, Housing and Urban Affairs. Sen. Warren sits on the...

S&P Global Inc (NYSE: SPGI)'s S&P Global Market Intelligence recently released a list of the top-paid executives in U.S. banking. The highest paid CEOs and money managers usually work for big, well-known companies. However, in the banking industry, this doesn't seem to be the...