Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, ...
- Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay.
“The Federal Reserve does not approve pay packages. We expect boards of directors to hold management accountable,” said a Fed spokesperson in an emailed statement when asked about the bank’s new executive compensation numbers. The 2016 revelation that Wells Fargo created millions of fake customer accounts prompted regulatory probes into mortgage foreclosures, auto insurance sales and its wealth management businesses, resulting in billions of dollars in fines.
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Wells Fargo CEO draws bipartisan ire in Congress hearingBoth Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executiv...
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Wells Fargo CEO Tim Sloan’s message of contrition and improvement draws bipartisan rebukeWells Fargo & Co. Chief Executive Tim Sloan traveled to Capitol Hill 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.
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Wells Fargo CEO Tim Sloan got a pay raise to $18.4 million as problems mount, shares tumbleCharged with cleaning up the fake-accounts scandal that claimed his predecessor, Sloan has struggled to satisfy regulators' demands to overhaul the sprawling institution.
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Wells Fargo CEO Tim Sloan's pay rose to $18.4 million last yearWells Fargo CEO Tim Sloan's pay rose to $18.4 million in 2018, even as the bank continued an apology tour for customer abuses and faced massive regulatory penalties.
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Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex...
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Ocasio-Cortez asks Wells Fargo CEO why bank was 'involved in the caging of children''Mr. Sloan, why was the bank involved in the caging of children and financing the caging of children to begin with?' Ocasio-Cortez asked Tim Sloan.
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Wells Fargo CEO avoids major stumble at heated congressional hearingDemocratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Ex...
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Wells Fargo CEO Tim Sloan faces an angry CongressWells Fargo CEO Tim Sloan says that the bank's problems are fixed and its customer abuses are a thing of the past. But his contentious hearing in front of the House Financial Services committee indicates that Wells Fargo isn't out of the dog house yet.
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Ocasio-Cortez asks Wells Fargo CEO why the bank finances the ‘caging of children’“Why was the bank involved in the caging of children and financing the caging of children to begin with? Rep. Ocasio-Cortez asked the CEO of Wells Fargo.
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