Wells Fargo CEO Tim Sloan steps down suddenly
BPC Staff Mar 29, 2019 | 3:48 pm
<1 min read time
91 wordsAll Latest News, Banking and Finance, Statewide NewsCNN Business: Wells Fargo CEO Tim Sloan is stepping down effective immediately as the bank struggles to overcome a litany of scandals. Sloan, a three-decade veteran of Wells Fargo, said it was his decision to relinquish control of Wells Fargo as a way to help the bank move forward. Wells Fargo’s board pledged to find an outsider to replace Sloan, who plans to retire at the end of June. The shake-up comes as Wells Fargo has faced repeated calls from politicians to find new leadership to fix its broken culture.
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