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WASHINGTON — Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Wells Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. At a few points, he seemed flustered and stumbled a bit over his words. He bristled at assertions that the alleged opening of millions of customer accounts without their permission was a "scam." Peppered with criticism for nearly three hours at a hearing Tuesday, the CEO of the nation's second-largest bank faced calls for his resignation f...
To p Goldman Sachs officials defended their conduct in the financial crisis this morning, flatly disputing the government's fraud allegations against the giant financial house. "I did not mislead" investors, insisted a trading executive at the heart of the government's case. But they ran into a wall of bipartisan wrath before a Senate panel investigating Goldman's role in the financial crisis and the Securities and Exchange Commission fraud suit against it and one of its traders. Democratic Sen. Carl Levin of Michigan accused...