‘Deeply Sorry’ Stumpf Says Wells Fargo Too Slow to Tackle Abuses

  • CEO doesn’t address clawbacks in prepared remarks for hearing
  • Lawmakers may seek more repurcussions for managers: analyst

Wells Phony Account Probe Brings CEO to Capitol Hill

Wells Fargo & Co.’s John Stumpf, struggling to quell a scandal and demands for management accountability, plans to tell lawmakers Tuesday the bank failed customers and the public by reacting too slowly to signs employees were opening millions of unauthorized accounts.

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