1. The Wells Fargo Scandal is Far From Over

    The Wells Fargo Scandal is Far From Over

    Wells Fargo CEO John Stumpf on Wednesday retired in the face of a massive scandal that has dragged the bank down for over a month.  Stumpf stepped down after the news that employees of the bank opened 2 million accounts in the name of customers without their knowledge from at least 2011 to 2015. This led to a $185 settlement with regulators, two congressional hearings, and a large stock-price hit...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. One concern we have is whether Tim Sloan will also get ensnared especially with the SEC review under Sarbanes-Oxley.
    2. John Stumpf retiring may temper some of the headline risk but some politicians have already stated plans to continue investigations — the step down by Stumpf could represent an acknowledgement of the mistakes.
  3. Topics Mentioned

  4. Authors