Wells Fargo CEO in the Hot Seat
The head of Wells Fargo is apologizing to Congress for his bank setting up fake accounts.
FOX’s Jared Halpern has more from Capitol Hill:
Wells Fargo CEO John Stumpf says he takes responsibility for employees setting up accounts and credit cards for customers without consent to hit sales targets:
(Stumpf) “Goes against everything regarding our core principles, our ethics and our culture.”
More than 5,000 Wells Fargo employees were fired and the bank was fined $185 million, but Senate Banking Committee Democrat Elizabeth Warren says that’s not enough:
(Warren) “You should resign. You should give back the money you took while this scam was going on and you should be criminally investigated.”
On Capitol Hill, Jared Halpern, FOX News.
