1. 'Too Big to Manage': Wells Fargo Cuts Not Enough For Outraged US Congress

    'Too Big to Manage': Wells Fargo Cuts Not Enough For Outraged US Congress

    Whatever Wells Fargo is selling, Congress is not buying it. “Your bank was turned into a school for scoundrels,” New York congresswoman Carolyn Maloney told the chief executive, John Stumpf, at his second grilling in Washington in as many weeks. Stumpf was quizzed by the House financial committee for over four hours on Thursday about his staff opening two million unauthorized accounts ...

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    1. Your bank was turned into a school for scoundrels.
    2. You should be downright ashamed of yourself.
    3. I've come to a conclusion: Wells Fargo should be broken up.
    4. The influence Stumpf can have being both chief executive officer and chair is not negligible.
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