Wells Fargo & Co's plans to bring in an outsider as its next chief executiv...
- Wells Fargo & Co’s plans to bring in an outsider as its next chief executive could give the scandal-plagued bank a much needed fresh start, but a turnaround will not be easy for whoever takes the helm, analysts said.
More than two years after its wide-ranging sales practices scandal first came to light, Wells Fargo is still struggling to repair its reputation and relationship with U.S. regulators. Critics had accused Sloan, who was part of the management team while the wrongdoing was happening, of being too entrenched in Wells Fargo’s culture to change it.
Admissions by the bank that it opened potentially millions of unauthorized accounts and improperly charged customers for services have resulted in billions of dollars in fines and settlements since 2016. Sloan had told analysts in January that he expected the bank to operate under the cap through 2019. Wells Fargo executives did not provide new information about when they expected the Fed to lift the asset cap on Thursday.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wells Fargo CEO Tim Sloan is retiring, and shares jumpSloan had been made CEO to clean up the bank's fake accounts scandal. But in the end, Wells Fargo's problems overwhelmed him.
Lire la suite »
Wells Fargo CEO Tim Sloan retiring, shares jump
Lire la suite »
Wells Fargo CEO Tim Sloan steps down suddenlyJUST IN: Wells Fargo has announced the sudden retirement of CEO Tim Sloan as the bank struggles to overcome a litany of scandals
Lire la suite »
Wells Fargo CEO Sloan steps down after rocky tenureNEW YORK (AP) — Wells Fargo Chief Executive Tim Sloan is stepping down, effective immediately, after less than four years on the job during which the troubled bank dealt with a seemingly unending...
Lire la suite »
Here's who could replace Tim Sloan as CEO of Wells FargoHelp wanted: New CEO for Wells Fargo. Must be good with regulators, politicians, media. Tech experience a plus. Must be willing to relocate to West Coast.
Lire la suite »
Former Goldman exec Harvey Schwartz is not interested in Wells Fargo CEO jobContrary to reports, the former president and co-chief operating officer at Goldman has not interviewed for the Wells position.
Lire la suite »
Wells Fargo CEO Timothy Sloan Will Step DownWells Fargo said CEO Timothy Sloan will step down immediately and retire from the company June 30; the bank's general counsel will be interim CEO
Lire la suite »
Wells Fargo CEO Tim Sloan to step down immediatelyTim Sloan, a 31-year veteran of the company, has spent years apologizing for the bank’s bad behavior and attempting to rebuild its reputation with customers, regulators and lawmakers. That was not enough for the bank's critics.
Lire la suite »
Wells Fargo CEO Out, Stock RisesThe CEO of Wells Fargo is stepping aside as a massive phony account scandal continues to plague the bank
Lire la suite »