Wells Fargo CEO Tim Sloan took a bipartisan battering in front of the House Financial Services Committee, as lawmakers blasted the executive for a series of scandals engulfing the bank.
Chairwoman Maxine Waters, a California Democrat, called the bank “too big to manage” as ranking member Patrick McHenry, a North Carolina Republican, got the CEO to admit that the bank is operating under 14 different consent decrees from federal regulators. Asked if there were more scandals to come, Sloan said he was not aware of any. In prepared testimony, Sloan said he was there to discuss the transformation of the bank into “the most customer-focused and innovative Wells Fargo ever.”• Sloan said he’s had no conversations with the Office of the Comptroller of the Currency about pushing out top executives.
• Rep. Katie Porter, a California Democrat, asked Sloan about a 2017 statement about restoring trust and all key stakeholders. When Sloan agreed that the statement “means something” to him, she then asked Sloan why lawyers for the bank in a federal court called them “paraidgmatic examples of non-actionable corporate puffery, on which no reasonable investor should rely.”
“Wells Fargo should pay for pipeline leaks, if they lent money for their build out” AOC ...wagging her finger with big glasses and her mean face on
what are the point of these congressional hearings? they interview a CEO pretend like theyre against him or her and then everything goes back to the way it was, nothing ever changes!!!
cryptocurency
اليتيم يتنمر عليه الجميع
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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. Why aren't they going to jail? Fraud, Deception. Yale New congress in the rypical rear view mirror. How about proposing something food for your voters? Would be constructive rather that rehashing over past stuff? Low iQs must have taken over:( Company’s internal culture is horrible
Source: WSJ - 🏆 98. / 63 Read more »
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. Funny, he looks nice.
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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. You mean Tim Fargo? Who’s this Sloan guy
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Wells Fargo CEO draws bipartisan ire in Congress hearingBoth Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executiv... I saw him once on the tarmac at Regan National airport. He pointed to the sky and shouted, “DePlane, DePlane!!” The smart money say nothiing has really changed and that it's nothing more than window dressing to hide wht they are doing. Is it about how they flood people with robocalls for a single delayed mortgage payment? JohnOliver
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Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex... As in down the steps? Is Florentino Pérez sitting on the Back? Only one stumble bum at that hearing. AOC 🤣
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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. So happy I’m no longer in a major bank What a surprise. No shit . But if you listen to the “ news “ on financial networks- WF is all great - the past is all made whole . Blatant- infomercials- for WF and it’s stock price . Also gov. regulator’s disgraceful over-site continues in all areas of finance . Pathetic,behavior,no correction.
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Washington Wants to Know Why Timothy Sloan Hasn’t Fixed Wells FargoWells Fargo's regulators are debating a rare step: whether to force out top executives or directors. It's a reminder that CEO Timothy Sloan, who testifies before Congress this week, is still in the hot seat with Washington. They need to force out the top 100 people from this bank. Wells Fraudco. Still a rotten place to bank and work. Wells Fargo is proof of the absurdity of Glass Steagall repeal and its reckless culture is longstanding and likely intractable.
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