Wells Fargo Settlement Raises Questions on Disclosure

September 19, 2016 4:33 PM

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It will only get worse for Mr. Stumpf when he arrives on Capitol Hill. Ms. Warren is already arguing that “this is a bank that’s just too big to manage,” and the House Financial Services Committee announced on Friday that it too will call him to testify later this month.

William D. Cohan in his Street Scene column in DealBook last week pointed out that all Mr. Stumpf could say about clawing back the compensation of Carrie Tolstedt, the executive in charge of the retail bank division before she announced her retirement in July, was that the company had procedures tha...

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