Wells Fargo Chief Executive Officer John Stumpf’s grilling at a Capitol Hill hearing Tuesday boiled down to this on Wall Street: It was ugly, but not a disaster - maybe even a good time to buy the bank’s stock.
The Royal Bank of Scotland has begun winding down its global shipping finance business, it said on Tuesday, ending efforts to sell it off during a worsening downturn across the freight industry.
Wells Fargo is still a buy, but FBR Capital Markets managing director Paul Miller said he would change his mind if the scandal impacted earnings.
George Soros gave a fresh $2.5 million to a pro-Hillary Clinton super PAC in August, part of a $23.4 million haul for the group.
Wells Fargo chief executive John Stumpf should resign, return his pay and be criminally investigated over the bank’s illegal sales practices, Elizabeth Warren said on Tuesday.
The apology from Wells Fargo CEO John Stumpf doesn't answer questions about the bank's fake accounts scandal, analyst Michael Mayo says.
CEO John Stumpf tells a Senate panel Wells Fargo "failed to fulfill our responsibilities to our customers, our team members and the American public."
Sen. Elizabeth Warren lit into the CEO of Wells Fargo, blasting him personally and saying he should resign.
Senator Elizabeth Warren pressed Wells Fargo CEO John Stumpf during the Senate committee hearing on Wells Fargo’s account-opening practices.