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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.
Since 2016, Wells has spent billions of dollars settling civil and criminal charges related to a multiyear scheme that led to more than 2 million fake accounts being opened without customers ...
When I think about John Stumpf, the now-disgraced former chairman and CEO of Wells Fargo (NYSE: WFC), I'm reminded of those stories you see on TV about the guy-next-door who had been living a ...
Wells Fargo's sales culture and cross-selling strategy, and their impact on customers, were documented by the Wall Street Journal as early as 2011. [5] In 2013, a Los Angeles Times investigation revealed intense pressure on bank managers and individual bankers to produce sales against extremely aggressive and even mathematically impossible [7] quotas. [8]
Wells Fargo Home Mortgage Corporate Office is seen, 7001 Westown Pkwy, on Friday, Dec. 15, 2023, in West Des Moines.
The Journal Gazette – Fort Wayne; The News-Sentinel – Fort Wayne; The Times – Frankfort; Daily Journal of Johnson County – Franklin; Goshen News – Goshen; Banner-Graphic – Greencastle; Daily Reporter – Greenfield; Greensburg Daily News – Greensburg; Hartford City News-Times – Hartford City; Indianapolis Business Journal ...
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Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.