Wells Fargo CEO fights to save job

Senator Warren calls Wells Fargo scam a ‘staggering fraud’

Wells Fargo, long seen as the banking industry’s golden child, now find itself in the unusual position of bracing for a public tongue-lashing from angry lawmakers.

John Stumpf, the embattled Wells Fargo (WFC) CEO, will be in the hot seat on Tuesday as Elizabeth Warren and her colleagues on the Senate Banking Committee grill the company about the stunning discovery that its employees created over 2 million fake accounts.

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