John Stumpf, chief executive officer at Wells Fargo & Co., said he dislikes Federal Reserve monthly bond purchases at this point in the economic cycle and that the policy has hurt savers.
Wells Fargo & Co. Chief Executive Officer John Stumpf said customers, not just the bank, will bear the financial burden for U.S. regulations that cover services ranging from home loans to credit cards.
Wells Fargo & Co. boosted Chief Executive Officer John Stumpf’s compensation for 2012 by 7.8 percent to $19.3 million, making him the second highest-paid leader among the biggest U.S. lenders.
"You have low rates on one side encouraging borrowing and you have put-backs from the GSEs on the other side that make lenders less willing to lend money."
- John Stumpf on Jul 17, 2014