Wells CEO Resigns From Fed Advisory Council As Pressure Mounts

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

With Rep. Hensarling threatening that the Wells Fargo debacle is “only in its 3rd inning,” it appears today’s Labor Department probe was enough to push CEO Stumpf over the edge as pressure mounts for his head. Effective today, John Stumpf has resign his position as the Federal Reserve Bank of San Francisco’s appointee to theFed’s Federal Advisory Council.
Following the earlier Labor Department probe, Rep. Hensarling added to the pressure for Stumpf’s (or regulators’) heads…

This post was published at Zero Hedge on Sep 22, 2016.