Top
image: theatlantic

Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways

October 4, 2017

U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue.

Wells Fargo has disclosed that its employees potentially created as many as 3.5 million accounts without authorization. Sloan, when pressed by Senate Banking Committee lawmakers, said the San Francisco-based bank would not prevent customers from suing.

Read More on Insurance Journal