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Wells Fargo CEO resigns from Federal Reserve advisory panel following fake-accounts scandal

L.A. Times Friday, 23 September 2016 ()
Wells Fargo & Co. Chief Executive John Stumpf has resigned from a Federal Reserve advisory panel, the latest fallout from the banking giant’s fake-accounts scandal.

Stumpf’s move came after five senators called for him not to be reappointed to the Federal Advisory Council, a 12-member body that...
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News video: Wells Fargo CEO faces more questions from Congress

Wells Fargo CEO faces more questions from Congress 02:27

Wells Fargo CEO John Stumpf will face new pressure on Capitol Hill Thursday, as House members grill him over the bank's aggressive sales tactics. His bankers opened about two million unauthorized accounts in customers' names. California announced Wednesday it will suspend some of its business with...

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