Your mind of your own Society Financial department are Carrie Tolstedt, which the financial institution described as a beneficial “managing director who was not open to complaint” and you can “infamously resistant against external intervention and you will oversight.” But she had the ear canal off Chief executive officer John Stumpf as her tool drove at least 50 % of lender money.

In 2015, the metropolis regarding Los angeles sued the bank

Stumpf are a champ out-of decentralization and you will cross-promoting out-of additional activities in order to established people. Actually, Wells Fargo try known for its more...