Senators Warren and Menendez Raise Questions about Retirement of Wells Fargo CEO John Stumpf, Promotion of New CEO Tim Sloan

Washington, DC -(ENEWSPF)–October 20,l 2016.  Today, U.S. Senators Elizabeth Warren (D-Mass.) and Bob Menendez (D-N.J.) wrote to the Wells Fargo Board of Directors to raise concerns related to last week’s announcement of the retirement of former Wells Fargo Chairman and CEO John Stumpf and the promotion of Tim Sloan as the company’s new CEO.  The moves were made in the wake of Wells Fargo’s admission of fraudulent behavior involving the creation of more than two…