Tuesday morning, Wells Fargo CEO Tim “Apology Machine” Sloan will appear before the Senate Banking Committee to take some public tongue lashings for his bank’s fake account fiasco, which saw Wells employee opening up millions of bogus accounts in customers’ names in order to game the bank’s sales quota system. Sloan’s prepared remarks for this televised tomato-throwing include all manner of statements about how badly the bank behaved and how it’s darn-tootin’ not gonna let that happen again, but also don’t discuss one issue that will certainly be a hot-button topic among some senators in the room. [More]
senate banking committee
Wells Fargo CEO “Deeply Sorry” About That Time His Employees Opened Millions Of Fake Accounts In Customers’ Names
By 10.2.17 — Updated: 10.3.17
Wells Fargo CEO Stumpf Admits He Learned Of Fake Accounts In 2013
By 9.20.16 — Updated: 9.30.16
Wells Fargo CEO John Stumpf appeared before the Senate Banking Committee this morning to answer questions about, and apologize for, company policies that led employees to open millions of fake accounts in customers’ names.
