Hi there,

The media can be the greatest force for peace on Earth. Instead, all too often, it’s wielded as a weapon of war. That's why we have to take the media back. Thanks to a group of generous donors, all donations made today will be DOUBLED, which means your $15 gift is worth $30. With your contribution, we can continue to go to where the silence is, to bring you the voices of the silenced majority – those calling for peace in a time of war, demanding action on the climate catastrophe and advocating for racial and economic justice. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Wells Fargo CEO John Stumpf Resigns Amid Bank Scandal

HeadlineOct 13, 2016

In a rare move in the financial world, Wells Fargo CEO John Stumpf has abruptly resigned amid a massive scandal over the creation of 2 million fake accounts, which employees opened in order to meet grueling sales targets. The resignation comes only one day after The New York Times reported former Wells Fargo employees had blown the whistle on the scandal internally as early as 2005. Massachusetts Senator Elizabeth Warren has called for Stumpf to not only resign, but be criminally investigated.

Sen. Elizabeth Warren: “You should resign. You should give back the money that you took while this scam was going on, and you should be criminally investigated by both the Department of Justice and the Securities and Exchange Commission.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top