In an uncommon display of bipartisan unity, lawmakers on the Senate banking committee condemned Wells Fargo & Co. chief executive John Stumpf on Tuesday for the bank’s failure to prevent abusive sales tactics and its perceived reluctance to hold senior executives accountable for widespread scheme that led to a $185 million settlement earlier this month.
Sen. Elizabeth Warren, D-Massachusetts, brought the most scathing criticism, calling for Stumpf to resign and for the U.S. Department of Justice and Securities and Exchange Commission to launch probes of the bank.
