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Wells Fargo CEO resigns from Federal Reserve advisory panel following fake-accounts scandal

L.A. Times Friday, 23 September 2016 ()
Wells Fargo & Co. Chief Executive John Stumpf has resigned from a Federal Reserve advisory panel, the latest fallout from the banking giant’s fake-accounts scandal.

Stumpf’s move came after five senators called for him not to be reappointed to the Federal Advisory Council, a 12-member body that...
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News video: Wells Fargo CEO To Address Scandal Before Senate Panel; Audio Excerpt

Wells Fargo CEO To Address Scandal Before Senate Panel; Audio Excerpt 00:35

Wells Fargo has been feeling the heat after being under a spotlight since it was revealed earlier this month that it was being fined $185 million to settle allegations that it secretly opened unauthorized accounts for customers in order to meet sales goals. Before the Senate Banking Committee on...

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