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Wells Fargo Testimony Should Scare Financial Industry

May 25, 2023
in Trade Tube
Reading Time: 1 min read
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While Wells Fargo CEO John Stumpf was testifying on Capitol Hill this week, a very different gathering across town was also discussing the state of the banking and finance industry — but in a very different way. Stumpf’s week getting lambasted by Congress for the company’s retail banking scandal coincided with the annual meeting of the Securities Industry and Financial Markets Association (SIFMA). TheStreet’s Susan Antilla was there.

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