WASHINGTON — Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Well Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. At a few points, he seemed flustered and stumbled a bit over his words. He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a “scam.”
Peppered with criticism for nearly three hours at a hearing Tuesday, the CEO of the nation’s second-largest bank faced calls for his resignation from harshly critical senators. They pressed Stumpf about claims from regulators that Wells Fargo employees opened the unauthorized accounts, transferred c...
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