Wells Fargo CEO Tim Sloan says that the bank's problems are fixed and its customer abuses are a thing of the past. But his contentious hearing in front of the House Financial Services committee indicates that Wells Fargo isn't out of the dog house yet.
New York Wells Fargo CEO Tim Sloan says that the bank's problems are fixed and its customer abuses are a thing of the past. But his contentious hearing in front of the House Financial Services committee indicates that Wells Fargo isn't out of the dog house yet.
Sloan faced a bipartisan grilling on Tuesday. Chairman Maxine Waters, a Democrat, said Sloan hasn't been able to keep Wells Fargo out of trouble. She asked if the bank should be"downsized.""Is Wells Fargo simply too big to manage?" Waters asked."No, we're not," Sloan responded.Ranking member Patrick McHenry, a Republican, also displayed frustration. He asked Sloan if the scandals were over, or if more negative headlines would surface.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wells Fargo CEO Tim Sloan’s message of contrition and improvement draws bipartisan rebukeWells Fargo & Co. Chief Executive Tim Sloan traveled to Capitol Hill with a message of contrition for its many scandals and commitment to treating its employees and customers right. Lawmakers from both parties weren’t buying it.
Read more »
Wells Fargo CEO Tim Sloan is getting ready to be grilled by CongressWells Fargo CEO Tim Sloan will be testifying before Congress in response to the company's widespread customer abuses.
Read more »
Wells Fargo CEO faces bipartisan grilling in front of House committeeWells Fargo CEO Tim Sloan took a bipartisan battering in front of the House Financial Services Committee, as lawmakers assailed the banking giant for a series of scandals engulfing the bank.
Read more »
Wells Fargo CEO draws bipartisan ire in Congress hearingBoth Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executiv...
Read more »
Wells Fargo CEO Faces Aggressive Questions from CongressWells Fargo Chief Executive Timothy Sloan faced combative questions from a bipartisan group of House lawmakers, his latest test in the yearslong fallout from his bank’s sales-practices scandal.
Read more »
Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex...
Read more »
Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex...
Read more »
Wells Fargo CEO to tout risk management, remediation to U.S. CongressWells Fargo & Co Chief Executive Tim Sloan will tout the scandal-plagued bank&0...
Read more »
Wells Fargo CEO heads to Congress amid claims that reforms are slippingAs the chief executive of Wells Fargo & Co. gets set to tell lawmakers that the bank is moving past its history of consumer abuses, a new report contends the embattled San Francisco financial institution is backsliding.
Read more »