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Elizabeth Warren

Senators heap criticism on Wells Fargo CEO, who apologizes

The CEO of Wells Fargo faced calls for his resignation Tuesday from harshly critical senators over allegations that bank employees opened millions of unauthorized accounts to meet sales quotas.

Members of the Senate Banking Committee showed bipartisan outrage over the long-running conduct, unsatisfied by Chief Executive John Stumpf's show of contrition.

Stumpf said he was "deeply sorry" that the bank failed to meet its responsibility to customers and didn't act sooner to stem "this unacceptable activity." He promised to assist affected customers.

Sen. Elizabeth Warren flatly told Stumpf he should step down. "You squeezed your employees to...

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