Daily Archives: March 13, 2019

Congress grills Wells Fargo CEO Tim Sloan

Wells Fargo CEO Tim Sloan appeared before the House Financial Services Committee on Tuesday to address questions regarding the bank’s overhaul after a series of scandals rocked the big bank in recent years.

In a tense four-hour hearing, Sloan was grilled about the steps he has taken during his two-year tenure as CEO to improve the bank’s culture, enhance its cybersecurity measures and pay restitution to the millions of customers it has wronged since numerous misdeeds were brought to light.

Read on.