Stumpf, the Mr. Clean of Banking, Finds Himself Mired in Scandal

September 14, 2016 1:47 AM

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Lloyd Blankfein had his Abacus. Jamie Dimon had his Whale. Now John Stumpf, the Mr. Clean of American banking, is getting a scandal of his own.

In a remarkable turnabout for Stumpf, Wells Fargo & Co., the bank he’s run to the envy of peers and the delight of top shareholder Warren Buffett, has been swept up in one of the industry’s most embarrassing episodes since the financial crisis. Last week, the San Francisco-based lender agreed to pay...

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