Waters calls Wells Fargo CEO’s bonus outrageous, calls for his removal

Finance


Waters, who grilled Sloan during a four-hour hearing into Wells Fargo’s consumer abuse issues on Tuesday, has called for his removal before. Other politicians, including Sen. Elizabeth Warren, a Democrat running for president, have also called for Sloan to resign, and Wall Street analysts have speculated that Sloan’s job may be in jeopardy.

One bank regulator, the Office of the Comptroller of the Currency, said Tuesday that it “continued to be disappointed” with Wells Fargo’s efforts on risk management and corporate governance.

“It was very clear from Mr. Sloan’s testimony that Wells Fargo has failed to clean up its act,” Waters said. “Mr. Sloan shouldn’t be getting a bonus, he should be shown the door.”



Source link

Articles You May Like

Guess shares tumble on earnings shortfall as Levi Strauss IPO looms
Humana turns to game theory for new Medicare price structure
Russian hackers target European governments ahead of election: FireEye
A different outcome in Mueller probe could’ve emboldened China
The court can rein in Tesla’s Musk with one of three options

Leave a Reply

Your email address will not be published. Required fields are marked *