Wells Fargo faces trouble on Capitol Hill

Published



For Wells Fargo CEO Tim Sloan, it was a virtual no-win scenario.

Summoned by the House Financial Services Committee to testify about the San Francisco-based lender’s ongoing regulatory issues, he contended with repeated suggestions from Democrats, who now control the chamber, that Wells Fargo has become “too big to manage,” a thinly veiled reference to the 2008 financial crisis, when bailed-out banks were criticized as “too big to fail.”

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