Scandal, Sham Accounts At Wells Fargo (Tom Ashbrook, On Point)

Shocking news in the banking world. Wells Fargo fined $185 million. More than 5,000 employees fired. Millions of fake accounts. But no one at the top is getting the ax. CEO John Stumpf said he won’t resign. He’s there to lead. And the executive in charge of those so-called rogue employees is retiring at the end of the year with a $125 million pay package. This hour On Point, Wells Fargo, and what’s going on with American banks. — Jane Clayson
Interview:
http://www.wbur.org/onpoint/2016/09/15/wells-fargo-banking-scandal