Professor Elam

Friday Jan 24 2020

Critics of bank and investment regulation have long complained about the lack of action against anyone personally involved in fraud. Now that is changing.

Former Wells Fargo CEO John Stumpf has een fined $17.5 M

and barred from the banking industry.

The scandal dates back to 2002 – 2016.

Finally regulators send a message. One of the wonders to me is how the stock price of WFC has ss=tayed so strong.