The head of Wells Fargo says he is ‘deeply sorry’ for selling customers unauthorized bank accounts and credit cards. CEO John Stumpf prepared testimony to a Congressional Committee also says he will take ‘full responsbility’ for the unethical activity. Some shareholders and customers are calling for Stumpf to be fired but so far he has resisted those calls to resign. The other big story today is Central Banks. The U.S. Federal Reserve begins a 2 day meeting today, where it is widely expected they will not raise interest rates. The official announcement will come Wednesday afternoon. The Bank of Japan is also weighing a policy change on interest rates and that announcement will reach investors after the markets close Wednesday in Tokyo. Seaworld ( ) shares are diving overnight as the company suspended it quarterly dividend. The company is trying to preserve cash as it’s seen fewer visitors in recent years after the documentary ‘Blackfish’ alleged it mistreated Orca whales.
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