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.
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