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Demographic or social factors of people being frauded. Mr. Stumpf i do not know what the intent of these people were. To answer your question specifically, there was no racial or ethnicity difference other than the communities because we try to have people in our banks that represent the communities. We will take that off the table here. As someone who populates a district heavily populated by seniors, i am worried that wells fargo may have preyed on those that were seen as vulnerable. Mr. Stumpf because we actually first, there was no disproportionate. In fact, it was younger people, not seni...

There are an array of options and that is certainly one that is there. We are going to turn to membership for questions. Im told to remind you it is on the record. We ask you wait for a microphone. It will bring it to you. Speak directly into the microphone, stand stand up, tell us your name, affiliation and limit yourself to one question. Lets start over here with this gentleman. Hello. My memory on this may be hazy, but i was on the defense policy board at the time of the earliest crises. Somehow or another at the time the cold war was ending they made it possible for some of their records t...

And the vast majority of everything we do is right. Firing the highest number of people in 2013 but bragging about your presentation penetration rates in 2014. You knew it was material to shareholders and you knew it was a funny number that you fired people phony number that you five people for falsifying. Fired people for falsifying. We did not know if those were good accounts are not. We looked at 20,000 credit you fired 5300 people. He took 5300 could americans and turned them into felons with a system that you created, benefited from and drop your stock price up by bragging about your leve...

Advantage of customers and consumers when we had the financial crisis. I have individuals right now who are on the street, on the street, not back in their homes. They had these fraudulent mortgages. Nobody said, im sorry that we gave you these fraudulent mortgages. Were going to put you back in your home and were going to make sure that everything is ok. No one has done that for them. You havent volunteered to do that. Will wells fargo put people back in their homes . Mr. Stumpf congressman, if i could respond for a second, please. Theres no question we dont do everything right and we made mi...

Missed thesident opening of the paralympics in rio where police plan to interview him. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I mark crumpton. This is bloomberg. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Apple unveils the iphone seven and a revamp watch. Will it reignite sales growth . The latest shoe to drop in m a focus on aarpens its data center business. Hp enterprise slimming down, announcing a 9 billion deal to spin out software assets. Shares are down on the latest Earnings Report. First, to our...