Wells Fargo's (WFC) Price Target Lowered to $50 at Deutsche Bank
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Wells Fargo Chairman and CEO John Stumpf Outlines a Series of New Actions to Strengthen Culture and Rebuild Trust of Customers and Team Members at Senate Banking Committee Hearing
September 20, 2016 10:29 AM EDTAccepts Accountability for Wrongful Sales Practices
WASHINGTON--(BUSINESS WIRE)-- In testimony today before the U.S. Senate Banking Committee on Banking, Housing, and Urban Affairs, Wells Fargo & Company (NYSE: WFC) Chairman and Chief Executive John Stumpf addressed the wrongful sales practices that have taken place in the companys retail banking business, outlined the actions to eliminate them, and emphasized the companys commitment to rebuild trust going forward.
I accept full responsibility for all unethical sales practices in our retail banking business, and I am fully committed to fixing... More
