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.
An angry congress & fraud in the same sentence is like the lobbyists saying Nope we dont pay congress at all...
The head of IT, Scott Dillon, was announced to be leaving a few weeks ago. That should be bigger news.
Before you step down,please give my parents their money back for their home.
Guess he wasn’t ready to work for it....
well fargo financed my house. With AOC logic they are responsible for anything that happens inside my house because they financed it.🤪
I am confused. I thought his name was Tim Fargo? TrumpResign PenceResign Resist
AOC made a complete ass of herself in the hearing..
Meanwhile, for 2 years , MSNBC, and DNC have blown hot air up our asses about Russia collusion while China continues to cyber attack our Navy which is a direct declaration of war. China is an existential threat to this country, not climate change.
He should.
That’s the same thing the serial killer said after he was apprehended.
Glad I sold my inherited parents’ stocks of this atrocious bank when they backed DAPL 🤮😈
Financing things that some people disagree with aren’t a “problem” to begin with. They’re a bank they make loans and hope to be paid back. I don’t blame parents who give their child an allowance if the kid purchases something questionable with it.
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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.
Source: latimes - 🏆 11. / 82 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. You mean Tim Fargo? Who’s this Sloan guy
Source: BusinessInsider - 🏆 729. / 51 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. اليتيم يتنمر عليه الجميع cryptocurency 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!!!
Source: MarketWatch - 🏆 3. / 97 Read more »
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
Source: Reuters - 🏆 2. / 97 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. 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 avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex... If only the politicians had done the same eh? Organized crime
Source: Reuters - 🏆 2. / 97 Read more »
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 🤣
Source: Reuters - 🏆 2. / 97 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... 🇮🇳🇮🇳 जय हिंद What a liar 🤥 make US whole Sloan
Source: Reuters - 🏆 2. / 97 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. 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.
Source: latimes - 🏆 11. / 82 Read more »