Home Business John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges

John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges

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John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges

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Former Wells Fargo chief executive John Stumpf is to pay $17.5m (£13.3m) to settle charges over the bank’s fake accounts scandal.
He was also banned from working in the financial industry “in any manner” for life.
It’s a rare ex…
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