Wells Fargo CEO John Stumpf told CNBC Thursday he is "disappointed" his bank is among those being sued by Massachusettsover alleged deceptive foreclosure practices.
"I’ve not seen the complaint but I’m disappointed," he said after a ceremony in Charlotte, N.C., officially retiring the Wachovia bank name.
"We’ve worked hard to come to an agreement that I think would be good for the country, and good for housing. I think we can do that better through working together instead of settling our differences in court. But it is what it is," he said.
Besides Wells , the lawsuit names Bank of America , JPMorgan Chase , Citigroupand Ally Financial .