Wells Fargo CEO to apologize for betraying customers' trust - WAOW - Newsline 9, Wausau News, Weather, Sports

Wells Fargo CEO to apologize for betraying customers' trust

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WASHINGTON (AP) -- The CEO of Wells Fargo plans to apologize before a congressional panel Tuesday for betraying customers' trust.

Wells Fargo employees are accused opening millions of accounts without the knowledge customers, in order to meet sales targets.

In prepared testimony, Chief Executive John Stumpf says he's "deeply sorry" the bank failed to meet its responsibility to customers and didn't act sooner to stem what he calls "this unacceptable activity."

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