Lewis Diuguid

Lewis Diuguid

Shady Wells Fargo practice further erodes public trust in banks, government

Wells Fargo Chief Executive John Stumpf was grilled Tuesday by members of the Senate Banking Committee over the goings-on at the mega-bank. Wells Fargo sales employees under pressure to meet sales goals that called for every customer to have eight products with the bank, opened more than 2 million bank and credit card accounts. Regulators who disclosed the unsavory practice levied a $185 million fine against the bank.

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Rich Sugg rsugg@kcstar.com
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