Wells Fargo CEO Tim Sloan will appear before the House Financial Services Committee Tuesday to detail what he calls the bank’s “significant progress” in dealing with past scandals. Since 2016, the company has paid over $2 billion in fines and settlements stemming from a range of practices, including its creation of millions of fake bank and credit card accounts. Sloan’s testimony comes just after a New York Times investigation found that Wells Fargo employees are still pressured to meet aggressive sales targets. We’ll review the hearing and talk about what’s next for the bank.
Wells Fargo CEO to Appear Before Congress on Tuesday
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A sign is posted at a Wells Fargo Bank branch office on July 14, 2017 in San Francisco, California. (Photo: Justin Sullivan/Getty Images)
Guests:
Stacy Cowley, finance reporter, The New York Times
Clifford Rossi, professor of practice and executive in residence, Robert H. Smith School of Business at the University of Maryland
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