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Activist Funds to Wells Fargo: Stumpf Resignation Isn't Enough

Activist shareholders and Democratic lawmakers on Capitol Hill are pressing forward with their campaigns to shake up Wells Fargo's (WFC) board and push for other changes even after the megabank announced Wednesday that its embattled CEO, John Stumpf, was resigning from the company.

Specifically, Stumpf's resignation comes in the wake of revelations a little more than a month ago that about 2 million customer accounts had been set up by the bank's employees without clients'...