Wells Fargo Ex-CEO Settles SEC Claims, Former Consumer-Unit Head Faces Fraud Case

Wall Street Journal, Nov. 13, 2020–Dave Michaels, Ben Eisen (subscription)
Former Wells Fargo & Co. chief executive John Stumpf agreed Friday to pay $2.5 million to settle civil claims over his role in the bank’s fake accounts scandal, while regulators sued another departed Wells executive, Carrie Tolstedt, over fraud allegations.