Wells Fargo CEO steps down in wake of sham accounts scandal

10-13-2016 • https://www.washingtonpost.com, By Renae Merle

Wells Fargo announced Wednesday that its longtime chief executive and chairman, John G. Stumpf, is stepping down, the latest turn for the embattled megabank after it admitted that thousands of low-level employees had set up sham accounts to meet sale

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