Wells Fargo CEO John Stumpf faced withering questions from the Senate Banking Committee on Tuesday, and he did it with a bandaged right hand and wrist.
Stumpf, 63, hurt his hand playing with his grandchildren, Wells spokeswoman Jennifer Dunn told the Observer. She said she didn’t know the severity of the injury or when it happened.
The San Francisco-based bank, which has its largest employee hub in Charlotte, is under fire after the bank agreed to pay $185 million in fines to settle claims that its employees opened up hundreds of thousands of accounts without customer consent to meet sales goals.
Stumpf’s bandaged appendage was highly visible during the hearing, including when he raised it to be sworn in as a witness.
$20 for 365 Days of Unlimited Digital Access
Last chance to take advantage of our best offer of the year! Act now!
#ReadLocal
In his testimony, Stumpf told the panel that he accepts “full responsibility” for unethical sales practices in the bank’s retail division. He faced a call to resign from Massachusetts Democrat Elizabeth Warren before his portion of the hearing ended at 12:45 p.m.
Rick Rothacker: 704-358-5170, @rickrothacker
.JPG)
.jpg){kind=logo}
Comments