BUSINESS
Your Thanksgiving dinner is cheaper this year. Here's why

Brian Schatz

Senators question whether Wells Fargo CEO is the right person to lead bank's turnaround

Senators question whether Wells Fargo CEO is the right person to lead bank's turnaround

It’s been about a year since the Wells Fargo & Co. scandal unraveled, with the bank admitting that employees created millions of customer accounts without permission.

But for Chief Executive Timothy Sloan, who appeared Tuesday on Capitol Hill to give an update on reform efforts, little time seems to have passed.

Senate Banking Committee members grilled Sloan about the changes put in place at the San Francisco bank, which has acknowledged that onerous sales goals and a focus on selling multiple products to consumers were at the heart of the scandal.

Sloan was even questioned about whether he was fit to lead the reforms, given his 30-year tenure at Wells Fargo,...

EDITION: California | U.S. & World
69°