Sen. Elizabeth Warren (D-Mass.) said on Thursday the Federal Reserve should not allow Wells Fargo to grow in size until the bank replaces Chief Executive Officer Tim Sloan. In a letter to Fed Chairman Jerome Powell, Warren said Sloan, a 30-year veteran of Wells, is “deeply implicated” in prior bank misconduct, and it is untenable...
Similar Stories to Elizabeth Warren To Fed: Wells Fargo Ceo Sloan Must Go on Bing News
Reuters, New York Post: Business
Thu, 10/18/2018 - 7:31am
BING NEWS:
- Former Wells Fargo Executive Pays $40,000 Fine, Exits Banking Industry After Allegedly Misleading Customers and Falsifying Documents
A former Wells Fargo senior manager just agreed to pay a $40,000 fine and turn his back on the banking industry.
04/28/2024 - 7:04 am | View Link - Wells Fargo Center could be renamed as buyers talk with two potential anchor tenants
As reported, ownership of the Wells Fargo Center conveyed the Downtown tower and two parking garages April 22 to Argentic at a value of a combined $46.35 million. A New York City-based limited ...
04/26/2024 - 2:18 pm | View Link - Union with little inroads at banks tries to organize Wells Fargo workers in Charlotte
On a recent Friday, more than 20 labor activists stood outside Wells Fargo operations in uptown and the university area of Charlotte, North Carolina, passing out flyers to employees about their right ...
04/26/2024 - 7:12 am | View Link - Wells Fargo wants to dismiss former CEO Tim Sloan's $34 million lawsuit
Sloan served as Wells Fargo CEO from 2016 to 2019. His complaint stated he “bore the brunt of public criticism, much of it directed at Wells Fargo policies and practices that predated his tenure as ...
04/18/2024 - 10:26 am | View Link - Wells Fargo has worn its dunce cap long enough
The problem child of U.S. banking has been sitting on the naughty step for six long years. Wells Fargo was prohibited from getting any bigger for a series of flagrant customer abuses. Either it has ...
04/18/2024 - 7:15 am | View Link - More
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