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The committee will come to order. Without objection, the chair is authorized to declare recess at any time. This hearing is entitled holding wells fargo accountable. For the banktive that broke americas trust. I recognize myself to give an Opening Statement. s ceo wills fargo testify about how he plans to end the egregious pattern of consumer abuses. He is now the third wells fargo ceo to testify before this committee in less than three and a half years. I will note each time a wells fargo ceo has testified before this committee, he has resigned as soon thereafter. You have taken on a massive ...

Watching kron 4 news. All of that what social distancing keep away its going to have no place to go. The National Broadcast to fight the coronavirus pandemic the white house officially unveil the coronavirus messaging campaign today. Thanks for joining us at 10, im ken wayne and i pale more as the president said we are practicing social distancing here kron 4 ken and i are. Left standing and sitting more than 6 feet apart maybe 10 feet apart and. Theres a lot of lauras way on the other side of the room and then all the way on that side of the room is where reynolds standing by as well so were ...

[inaudible conversations] this committee will come to order. Without objection the chairs authorized to declare a recess at any time to be entitled Holding Wells Fargo Accountable the bank that broke americas trust i recognize myself for four minutes to give an Opening Statement. Today wells fargo ceo will testify before the committee about how he plans to and wells fargo egregious pattern of consumer abuses. We invited him to testify before this committee the last three and half years. We will note each time a ceo has testified before this committee he has resigned they are soon after. [laugh...

The governor of california recommends the elderly should take shelter in their homes. New york city closes its schools. Many states close bars and restaurants. Hourly workers, in dire straits. The economy is grinding to a halt and we dont know how long this massive disruption will last. All right. Heres the financial reaction. This monday morning, stock futures are limit down and when we open an even bigger drop is expected. That may mean a trading halt. Travel and leisure stocks again beaten down. Airline stocks, decimated. Last night, the fed took emergency action, cutting rates to the lowes...

And handle the coronavirus. noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note tha...