Transcript for Wells Fargo CEO Out Amid Accounts Scandal
A major shakeup that Wells Fargo the company announcing minutes ago that CEO John Stumpf will resign immediately in the wake of the bank's fraudulent account scandal. Chief operating officer Timothy Sloan will take over some who testified last month on Capitol Hill will also forfeit. 41 million dollars in stock options.
This transcript has been automatically generated and may not be 100% accurate.