The legendary Atlanta banking lawyer played a special, often behind-the-scenes role that was part diplomat, mentor and seer during his 50-year career. He died last week at 76.
How well Tim Sloan fares before the House Financial Services Committee will hinge largely on his ability to stay on message in the face of what is expected to be sharp criticism from Democratic lawmakers.
It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing.
Wells Fargo CEO Tim Sloan said that the megabank has worked to address past issues and is equally committed to preventing new problems from arising, despite reports suggesting otherwise.
The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer.
Just nine bank merger pacts were announced in February, down from 17 in January. But they included the biggest deal in years and some other interesting storylines.
