Both Democratic and Republican lawmakers want Wells Fargo to find a CEO who will accomplish what Tim Sloan didn’t: Put a stop to exploitation cases involving the mega-bank’s customers, people better known inside Washington as voters.
“The bottom line is that we’ve not seen the type of cultural or institutional change needed at Wells Fargo,” Rep. Patrick McHenry, R-N.C., said after Sloan’s Thursday decision to step down from his top management role as well as his seat on the San Francisco-based lender’s board. “The bank needs a change agent. I will be watching closely to ensure the next leader shows commitment to rebuilding trust.”
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
Already a member? Log in
