Shareholder Sues Wells Fargo Over Phony Accounts Scandal, Systemic FailuresA longtime shareholder sued Wells Fargo Bank executives for allegedly incentivizing misconduct and breaching their fiduciary duties when they allowed millions of accounts to be opened without customers' permission.
Senators Slam Wells Fargo CEO Over Unauthorized AccountsThe CEO of Wells Fargo says he is "deeply sorry" as he speaks before a congressional panel about allegations that employees opened millions of unauthorized accounts to meet aggressive sales targets.
Wells Fargo CEO To Testify Before Congress About Phony Accounts ScandalWells Fargo Bank CEO John Stumpf is expected to testify before Congress in response to allegations that the bank allegedly opened over two million phony accounts without customers' approval.
Bank Employees Say Wells Fargo Not The Only Bank With Abusive PoliciesBank employees say SunTrust, Chase Bank, Bank of America, and U.S. Bank also carry out questionable and predatory sales policies.
Wells Fargo Awarded CEO Stumpf $19.3M Last YearWells Fargo CEO John Stumpf got a pay package worth $19.3 million last year, 8 percent more than he received in 2011, when his compensation deal made him one of the highest paid CEOs in the U.S.
Oakland Teachers Ask Wells Fargo Bank For Bailout Some Oakland school teachers who want Wells Fargo Bank to help bail out the cash-strapped district tried to make their point at a downtown Oakland branch today.