Tim Sloan

Powell hints Fed will take bigger role in real-time payments


“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.


Momentum builds for Wells Fargo to remove CEO Parker's 'interim' tag


With several top candidates reportedly turning down the job, some insiders are reportedly lobbying the board to appoint C. Allen Parker as the bank's next CEO.


A less defensive posture from Wells Fargo's interim CEO


In stark contrast to his predecessor, C. Allen Parker said Thursday he accepts regulators' criticism and suggested that the bank may struggle to achieve revenue growth until it moves past its regulatory woes.


Wells Fargo ‘irresponsible’: Dimon blasts rival on lack of CEO plan


The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.


Wells Fargo moves closer to recouping some losses tied to scandal


A federal judge has given preliminary approval to the proposed settlement of a lawsuit under which insurance companies have agreed to pay $240 million for losses the San Francisco bank incurred from the widespread opening of fake accounts.


At Wells Fargo, executives push for interim CEO to keep job


The board has promised to hire an outsider, but senior executives are lobbying for acting CEO C. Allen Parker to lead the company.


Facebook plans crypto-based payments system; Sloan was a keeper


Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells.


Virtue-signaling banks hurt shareholders and customers


Financial institutions should focus on maximizing returns instead of feel-good initiatives to cut greenhouse gas emissions or reduce gun financing.


'Wells Fargo should change today': Shareholders disrupt bank's annual meeting


Nearly a dozen shareholders disrupted opening remarks at Wells Fargo’s annual meeting in Dallas on Tuesday, pressing executives to answer for a series of scandals that have rocked the bank.


Wells Fargo needs a retail banker at the helm


As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist.