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. , the largest U.S. home lender, is adding employees in its wealth-management business and would be open to acquisitions in that area, Chief Executive Officer John Stumpf said.
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.
"It got too restrictive and customers who deserved a loan, who wanted to buy a home and could afford it, could not get credit."
- John Stumpf on Jan 15, 2015