Wells Fargo Chairman and CEO John Stumpf testifies Thursday morning before the House Financial Services Committee, attempting to right his increasingly embattled ship, even as the bank feels growing pressure to take additional action.
Already this week, Wells Fargo's independent directors detailed compensation clawbacks for Stumpf and former head of community banking Carrie Tolstedt. The moves included Stumpf forfeiting $41 million in unvested stock awards and Tolstedt losing $19 million in unvested...