The CEO of Wells Fargo apologized Tuesday morning, amid allegations that employees opened up millions of fraudulent accounts to boost sales numbers.
Speaking in front of the Senate Banking Committee, longtime chairman John Stumpf said he accepts full responsibility for what happened, but maintained that it was not a scheme organized at the top.
The testimony comes on the heels of a $185 million settlement between the San Francisco bank and regulators.
For more on the hearing, Take Two spoke to Ken Sweet, banking and consumer financial issues writer for the Associated Press.
Press the blue play button above to hear the interview.