Wells Fargo said Tuesday its chairman, Stephen Sanger, will step down, the latest change at the top of the bank as it reels from a major sales scandal. Sanger, shown in a 2000 photo, is a retired chairman and CEO of cereal maker General Mills.
Wells Fargo said Tuesday its chairman, Stephen Sanger, will step down, the latest change at the top of the bank as it reels from a major sales scandal. Sanger, shown in a 2000 photo, is a retired chairman and CEO of cereal maker General Mills. Observer file photo
Wells Fargo said Tuesday its chairman, Stephen Sanger, will step down, the latest change at the top of the bank as it reels from a major sales scandal. Sanger, shown in a 2000 photo, is a retired chairman and CEO of cereal maker General Mills. Observer file photo

Wells Fargo’s chairman steps down in latest scandal fallout

August 15, 2017 04:09 PM

UPDATED August 16, 2017 03:23 PM

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  • Wells Fargo CEO: We should have done more sooner

    Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said.