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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 2006, and named president in August 2005.
On June 27, 2007, the board of directors elected Stumpf CEO, with Kovacevich retaining the chairmanship. In September 2009 Wells Fargo announced Kovacevich would step down as chairman and a director at the end of 2009 and retire from the company in early 2010 after 23 years with Norwest and Wells Fargo. [ 9 ]
John Stumpf appeared before the Senate Banking Committee on September 20, 2016. Stumpf delivered prepared testimony and was then questioned. Senators, including Committee Chairman Richard Shelby, asked about whether the bank would clawback income from executives and how the bank would help consumers it harmed. [43]
And in John Stumpf's case, it was a fake-account scandal in which low-level employees were, if a growing multitude of allegations are to be believed, all but forced to commit fraud in order to ...
Stumpf will retire after a Congressional probe and lawsuits following complaints that fake customer accounts were opened. Wells Fargo CEO John Stumpf retires, replaced by Tim Sloan Skip to main ...
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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.
Donald Trump’s civil fraud trial ramped up in New York on Wednesday as his son Donald Trump Jr began his testimony in the $250m case, though his answers were evasive their lack of clarity.. The ...