John Stumpf

Wells Fargo's Kovacevich to Step Down

By Darryl R. ISherwood| FOXBusiness| Markets

… Fargo for 23 years, agreed in November to stay on as chairman of the bank to help weather the financial crisis roiling the financial services industry. President and CEO John Stumpf , 56, will assume the role of chairman effective Jan. 1

Story|09/22/2009

Wells Fargo CEO Stumpf To Also Become Chairman

By Wallace Witkowski| MarketWatch Pulse| Markets

… that Chairman Dick Kovacevich will step down as chairman at the end of the year, and will be succeeded by Chief Executive John Stumpf effective Jan. 1. The bank said that Stumpf will continue to hold the CEO position, in addition to his duties as chairman …

Story|09/22/2009

Wells Fargo CEO: Wachovia Losses are Manageable

By Matt Egan| FOXBusiness| Markets

… Matt Egan FOXBusiness Wells Fargo (WFC) CEO John Stumpf told The Wall Street Journal that losses from the bank’s takeover of Wachovia are manageable, describing them as “still in the …

Story|09/16/2009

Wells Loan Modifications Doing Well In Early Days

By Greg Morcroft| MarketWatch Pulse| Markets

… Greg Morcroft MarketWatch Pulse NEW YORK -- Wells Fargo Chief Executive Officer John Stumpf said on Wednesday that the firm's modified mortgage loans are performing well in the early days. Stumpf said that Wells Fargo …

Story|09/16/2009

Wells Fargo Sees TARP Repayment Without Stock Sale

By Matt Egan| FOXBusiness| Markets

… the near future without raising more cash through a stock sale. In an interview with Bloomberg Television, Wells Fargo CEO John Stumpf said: "We will pay it back but we’re going to pay it back in a shareholder-friendly way." He added, “We are …

Story|09/01/2009

Wells Fargo To Repay TARP By Year's End: Report

By Wallace Witkowski| MarketWatch Pulse| Markets

… Relief Program by the end of the year, Bloomberg News reported Tuesday, citing an interview with Wells' Chief Executive John Stumpf . Stumpf told Bloomberg the bank will pay back TARP without raising equity, and will do it in such a way that it is "friendly …

Story|09/01/2009

Obama Talk With Bank CEOs Was 'Encouraging'

By Joanna Ossinger and Peter Barnes| FOXBusiness| Markets

… Camden Fine, as well as several Administration officials. “We had a wonderful meeting today with the President,” said John Stumpf , CEO of Wells Fargo. “The basic message is we’re all in this thing together and we’re trying to do the right thing for America …

Story|03/27/2009

Wells Fargo Suspends Bonuses for Top Executives

Associated Press| Markets

… board has suspended its bonus policy for Chief Executive John Stumpf and its other top executives, according to a Securities and ..... Jan. 1, 2009. The suspension applies to Chief Executive John Stumpf , Chairman Richard Kovacevich, Chief Financial Officer Howard …

Story|02/27/2009

Al Lewis: Bankers Didn't Want The Bailouts, Until Now

By Al Lewis -- A Dow Jones Newswires Column| FOXBusiness| Markets

… Kelly, CEO of Bank of New York Mellon Corp. (BK). "And we did, very quickly." For Wells Fargo & Co. (WFC) CEO John Stumpf , it was his patriotic duty to accept this money. "We're Americans first, and we're bankers second," he told the …

Story|02/13/2009

Inside the Head of a Bank CEO « Emac's Stock Watch

Emac's Stock Watch

… covering the hearing of the nine bank chief executives on Capitol Hill, it didn't take long for me to see that Wells Fargo CEO John Stumpf was having a hard time of it, valiant effort though he did make to defend his bank's lending practices. Because to look …

Blog|02/13/2009