Wells Fargo former CEO John Stumpf handed $25.5 million fine over fake accounts scandal

Wells Fargo former CEO John Stumpf handed $25.5 million fine over fake accounts scandal

The former CEO of US bank Wells Fargo is hit with a massive $25.5 million fine and banned from the backing industry for life.

Posted January 24, 2020 18:43:28 Federal regulators in the United States have slapped former Wells Fargo chief executive John Stumpf with a US$17.5 million ($25.5 million) fine for his role in the bank's sales practices scandal. Key points:

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