Senators question whether Wells Fargo CEO is the right person to lead bank's turnaround
by By Samantha Masunaga, Los Angeles Times
Oct 03, 2017
4 minutes
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At a Senate Banking Committee hearing Tuesday, Wells Fargo & Co. Chief Executive Timothy Sloan faced pointed questions about his ability to lead a turnaround of the bank's culture - and whether the steadily growing list of new disclosures from the bank would ever end.
The hearing was held roughly one year after the San Francisco bank agreed in September 2016 to pay $185 million to regulators for creating millions of checking, savings and other accounts without customer permission.
Senators grilled Sloan about the reforms the bank said it has put in place and whether the changes would be enough.
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