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Stumpf back on Hill, regulators are not
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Banking
Tuesday, September 27, 2016
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Wells Fargo CEO John Stumpf is back on Capital Hill tomorrow to discuss the practices and enforcement action taken against his bank, but this time he won’t be joined by representatives of federal regulators.
It has been a busy week for the bank since Stumpf went before the Senate Banking Committee. Lawsuits have been filed, additional regulators are discussing investigations into the bank and its practices, and top executives have agreed to forfeit millions in bonuses.
Read on for details of what lies ahead.
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