Wells Fargo Testimony Doesn't Pop Financial Industry Conference Bubble - TheStreet

Wells Fargo Testimony Doesn't Pop Financial Industry Conference Bubble

At the Securities Industry and Financial Markets Association meeting in Washington, D.C. this week, Wells Fargo didn't come up, despite CEO John Stumpf's painful testimony across town.
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While Wells Fargo (WFC) - Get Report CEO John Stumpf was testifying on Capitol Hill this week, a very different gathering across town was also discussing the state of the banking and finance industry -- but in a very different way. Stumpf's week getting lambasted by Congress for the company's retail banking scandal coincided with the annual meeting of the Securities Industry and Financial Markets Association (SIFMA). TheStreet's Susan Antilla was there. For this video, we sat down with Antilla to talk about the "self-denial" at the gathering, how there was no discussion of Stumpf or Wells Fargo that she could discern, and how SIFMA members would hate legislators' calls to break up the big U.S. bank. 

This article was written by a staff member of TheStreet.