Wells Fargo CEO Tim Sloan's message of contrition and improvement draws bipartisan rebuke
WASHINGTON - Wells Fargo & Co. Chief Executive Tim Sloan traveled to Capitol Hill on Tuesday with a message of contrition for its many scandals and commitment to treating its employees and customers right.
Lawmakers from both parties weren't buying it.
They unloaded on him with bipartisan anger that showed the giant San Francisco financial institution has a long way to go to get past its reputation-shattering controversies that exploded in 2016.
"Wells Fargo's ongoing lawlessness and failure to right the ship suggest the bank, with approximately $1.9 trillion in assets and serving one in three U.S. households, is simply too big to manage," said Rep.
