Comment on Elizabeth Warren takes on Wells Fargo's new management in scathing letter to bank

Elizabeth Warren takes on Wells Fargo's new management in scathing letter to bank

The resignation of former CEO John Stumpf from Wells Fargo is "not enough" to assuage lawmakers that the company has purged itself of a culture that encouraged aggressive sales tactics and illegal activity, two senators said Wednesday. Elizabeth Warren (D-Mass.) and Robert Menendez (D-N.J.) issued a letter Thursday to Stephen Sanger, who is the new chairman of Wells Fargo’s board of directors. “Given the scope of wrongdoing on his watch, Mr.

 

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