Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation

September 20, 2016 3:05 PM

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Warren Says Wells Fargo's Stumpf Should Resign, Face Criminal Investigation

Wells Fargo & Co.’s John Stumpf should resign, give back his compensation and face criminal prosecution for a scandal in which the bank opened unauthorized accounts for thousands of customers, Senator Elizabeth Warren said.

“So you haven’t resigned, you haven’t returned a single nickel of your personal earnings, you haven’t fired a single senior executive,” the Massachusetts Democrat said Tuesday as the bank’s chief executive officer testified before the Senate Banking Committee.

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