NEW YORK, Oct 13 (APP/AFP): Embattled Wells Fargo chairman and CEO John Stumpf has retired with immediate effect following a sham accounts scandal, the San Francisco bank announced Wednesday. Stumpf’s departure from the US commercial and retail banking giant caps mounting public outrage after the bank admitted last month that employees had opened millions of deposit and credit card accounts without customer’s knowledge in order to meet sales quotas.
International News
Wells Fargo CEO Stumpf steps down after fake accounts scandal
