Timeline of Wells Fargo scandal

2013: A Los Angeles Times investigation finds that employees created fake accounts for customers as they tried to meet sales quotas.

2011-16: Wells Fargo fires about 1 percent of its employees annually due to the sales-related misconduct, according to CEO John Stumpf.

Sept. 8: Wells Fargo is fined $185 million by federal authorities, including the Consumer Financial Protection Bureau, and officials in Los Angeles.

Sept. 13: Wells Fargo says it will end sales goals in its retail banking system by January (Wells now plans to end them Oct. 1).

Sept. 14: Federal prosecutors are reported to have launched investigations. Sept. 20: Stumpf testifies before the Senate Committee on Banking, Housing and Urban Affairs.

Tuesday: Stumpf will give up $41 million in stock and salary, the bank announces. Wednesday: California State Treasurer John Chiang suspends many “business relationships” with Wells Fargo. Thursday: Stumpf will testify before the House Financial Services Committee.