Tag: Tim Sloan


Scandal-plagued Wells Fargo names BNY Mellon’s Charles Scharf as CEO

September 27, 2019


Wells Fargo named Charles Scharf, chairman and CEO of Bank of New York Mellon, as its new chief executive officer and president on Friday, effective Oct. 21. “Charlie has demonstrated a strong track record in initiating and leading change, driving […]

Activity, Corporate Banking

Wells Fargo Details Plan to Rebuild and Transform

March 12, 2019

Via: ABF Journal

Wells Fargo provided an update on the progress the company has made and is making as part of its transformation to build a better, stronger company in a new progress report available on its website. “While we have more work […]

Activity, Corporate Banking

Wells Fargo Hires Scammahorn as Chief Auditor

February 7, 2019

Via: ABF Journal

Wells Fargo named Julie Scammahorn as its new chief auditor. Scammahorn will be based in San Francisco and report to CEO and President Tim Sloan and to the Audit and Examination Committee of the board of directors. Scammahorn has more […]

Activity, Corporate Banking

Wells Fargo Pays $575MM to Settle Claims Over Retail Practices

January 2, 2019

Via: ABF Journal

Wells Fargo agreed to pay $575 million to settle civil claims with all 50 state Attorneys General and the District of Columbia over its previous problematic retail sales practices, auto collateral protection insurance and guaranteed asset/auto protection and mortgage interest […]

Capital and Risk, Credit, Regulations, Retail Banking

Wells Fargo CEO Sloan Must Go, Senator Warren Tells Fed Chairman

October 18, 2018

Via: TheStreet banks

After successfully pushing in 2016 for the departure of the CEO of beleaguered U.S. bank Wells Fargo & Co. (WFC – Get Report), Democratic Senator Elizabeth Warren of Massachusetts is now gunning for another. In a press release Thursday, Warren […]


Wells Fargo’s CEO knows why customers are staying away even if Wall Street needs a reminder

October 16, 2017

Via: Market Watch

There were questions about loan growth, credit quality, and home equity lines of credit. There were several about closing branches as customers embrace mobile banking, and one on interest rates – all very standard questions for analysts to ask on […]

Activity, Corporate Banking

Wells Fargo CEO Stumpf retires effective immediately; Tim Sloan to take over

October 13, 2016


Wells Fargo said on Wednesday that Chairman and CEO John Stumpfwill retire effective immediately in the wake of a sales scandal at the bank. The company’s board of directors elected President and Chief Operating Officer Tim Sloan to succeed him […]