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Wells Fargo CEO quits amid scandal over bogus accounts, successor named

Thursday, October 13, 2016 0:15
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A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

Wells Fargo CEO quits amid scandal over bogus accounts, successor named | 12 Oct 2016 | Embattled Wells Fargo Chief Executive Officer John Stumpf has stepped down in the wake of the far-reaching unauthorized accounts scandal, effective immediately, the bank announced Wednesday. Stumpf, who presided over a culture that enabled employees to secretly open up to 2 million bogus accounts and fund them with customer money, retired as chairman and CEO. The bank's board of directors appointed President and Chief Operating Officer Timothy Sloan, a longtime Wells insider, as CEO.

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