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The Daily Hodl
2020-01-25 04:54:28

Federal Agency Hits Wells Fargo’s Ex-CEO With Lifetime Ban and $17.5 Million Fine for Fake Account Scheme

Wells Fargo’s John Stumpf got hit with a lifetime ban from the banking industry in an unprecedented action by a US watchdog. The bank’s former chief executive officer will also pay a fine of $17.5 million for his role in embroiling Wells Fargo in a massive fake-accounts scheme that sparked national outrage. To meet crazy […]The post Federal Agency Hits Wells Fargo’s Ex-CEO With Lifetime Ban and $17.5 Million Fine for Fake Account Scheme appeared first on The Daily Hodl.