Recently “retired” Wells Fargo CEO John Stumpf claimed before Congress that he first learned about the bank’s fake account fiasco in 2013, but a new report claims that a Wells employee tried to warn him about the problem back in 2007. [More]
john stumpf
New Wells Fargo CEO Recently Denied “Overbearing Sales Culture” That Created Fake Account Fiasco
By 10.13.16
Yesterday afternoon, Wells Fargo CEO John Stumpf announced his sudden “retirement” from the bank that continues to deal with the fallout of a fake account fiasco that saw thousands of Wells employees opening up millions of bogus, unauthorized accounts just to meet high-pressure sales goals and quotas. However, the Wells exec who has stepped into the CEO spot has a history of denying that any such atmosphere existed at the bank. [More]
Wells Fargo CEO John Stumpf “Retires” Amid Fake Account Fiasco
By 10.12.16 — Updated: 10.31.16
In the middle of an embarrassing fake account fiasco that may have lasted a decade before being shut down by federal regulators, Wells Fargo CEO John Stumpf has decided that maybe it’s for the best that he “retire” from the bank’s top spot. [More]
Lawmaker Presents Wells Fargo With Evidence Of Potential Account Fraud From 2007
By 9.30.16
At yesterday’s contentious House Financial Services Committee hearing on the Wells Fargo fake account fiasco, CEO John Stumpf said his bank was reviewing accounts going back to 2009 to see how long employees had been opening new accounts in customers’ names without authorization. Now one member of Congress says there is evidence indicating that this sort of bad behavior goes back nearly a decade. [More]
Wells Fargo Employee: I Tried Talking Friends & Family Into Opening Accounts To Meet Sales Quotas
By 9.29.16 — Updated: 9.30.16
Yet another former Wells Fargo employee has come forward to talk about the high-pressure atmosphere created by the bank, where she says there were only two types of employees: those who sold customers on products they didn’t want, and those that were shown the door. [More]
Senators To Wells Fargo CEO: Don’t Strip Wronged Customers Of Their Day In Court
By 9.23.16 — Updated: 9.30.16
Now that Wells Fargo is in the hot seat for allegedly pushing its employees to meet sales goals and quotas by opening millions of bogus accounts in customers’ names, will the bank use the anti-consumer terms of its customer contracts to get out of the inevitable class action lawsuits? A coalition of U.S. senators have written the bank’s CEO asking him to please not strip customers’ of their day in court. [More]
Wells Fargo CEO Stumpf Admits He Learned Of Fake Accounts In 2013
By 9.20.16 — Updated: 9.30.16
Wells Fargo CEO John Stumpf appeared before the Senate Banking Committee this morning to answer questions about, and apologize for, company policies that led employees to open millions of fake accounts in customers’ names.
Contact Info For Wells Fargo CEO John Stumpf And Friends
By 9.24.08
Here’s some info we dug up that can help you contact some higher ups at Wells Fargo if you’ve tried regular customer service and escalating to supervisors and it’s not working out.First read this post about how to contact and conduct yourself when using executive customer service. [More]
