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The Clearing House, Financial Services Roundtable, Chevron. John Gerard Stumpf (born September 15, 1953) [2] is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June ...
Stumpf accepted responsibility for the problems, but in September 2016, when the story broke, indicated he had no plans to resign. [ 23 ] Stumpf was subject to a hearing before the Senate Banking Committee on September 21, 2016, in an effort led by Senator Elizabeth Warren . [ 24 ]
Acquisitions in 1999–2000. Continuing the Norwest tradition of making numerous smaller acquisitions each year, Wells Fargo acquired 13 companies during 1999 with total assets of $2.4 billion. The largest of these was the February purchase of Brownsville, Texas -based Mercantile Financial Enterprises, Inc., which had $779 million in assets.
Stumpf told Congress that he didn't learn about the fraud until late 2013 -- but he was likely alerted by whistleblowers eight years prior.
Warren demanded the executive's resignation on Tuesday -- and even called for a criminal investigation. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
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Children. 3. Timothy J. Sloan (born 1959/60) is an American banker. He was the chief executive officer (CEO) of Wells Fargo from October 2016 until he resigned in March 2019, after significant pressure related to an ongoing controversy related to an account fraud scandal. [2][3][4] He had previously been chief operating officer (COO) and chief ...