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Wells Fargo CEO John Stumpf resigns effective immediately

Marcelino Mueia
October 13, 2016

Wells Fargo CEO John Stumpf is stepping down amid a scandal over the bank's sales practices. The bank said Stumpf is relinquishing CEO and chairman titles, effective immediately. Chief operating officer Tim Sloan will succeed him at the helm.

https://p.dw.com/p/2RCAU