Tim Sloan

Wells Fargo cancels $15 million bonus to former CEO Tim Sloan


After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.


Waters asks DOJ to consider criminal charge against former Wells Fargo CEO


The chair of the House Financial Services Committee, Maxine Waters, contends that Tim Sloan knowingly made misleading and inaccurate comments during a hearing before her panel last year.


How regulators maneuvered to oust Tim Sloan at Wells Fargo


The bank said it was Sloan's decision to retire, but a new report from House Democrats reveals that Fed and OCC officials made moves behind the scenes in 2018 and 2019 to pressure the bank's board to remove him.


Fortress hires former Wells Fargo CEO Sloan as senior adviser


Tim Sloan, the former chief executive officer of Wells Fargo, joined Fortress Investment Group as a senior adviser.


Verdict coming on OCC's supervision of Wells Fargo


Critics of the OCC have long maintained that the agency was too close with the San Francisco bank. A watchdog's assessment of what transpired between 2009 and 2017 is expected to be completed late this spring.


Ghost funding and sandbagging: Wells Fargo’s sales tactics on trial


A lawsuit filed by a New Jersey branch employee who was fired in 2016 includes detailed allegations about the pressure that front-line workers faced to meet monthly sales targets. The case is scheduled to go to trial in February.


House passes offshoring bill inspired by Wells Fargo layoffs


The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.


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.