The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.
Along with reviving the Paycheck Protection Program, the COVID-19 aid bill that Congress is expected to vote on today would provide additional funding for MDIs and CDFIs.
Wells Fargo & Company Board Chair Elizabeth A. Duke and member James H. Quigley resigned from the board of directors on Sunday.
Wells Fargo & Co. said on Tuesday that CEO John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company’s board investigates the bank’s sales practices.
