What to Watch When Wells Fargo’s CEO Returns to Congress
Sloan, who rose to chief executive officer of the fourth-largest U.S. bank in October 2016, appeared before the Senate Banking Committee just months later, telling lawmakers he had “a long to-do list.” Tuesday’s questioning poses both a chance for Sloan to tout what he’s checked off that list, and a risk that he’ll stumble in front of some of his harshest critics. Scandals at Wells Fargo erupted in 2016 on the revelation that bank employees opened millions of potentially fake accounts to meet sales goals. Wells Fargo has dispatched its army of lobbyists and executives, including Sloan, to meet with lawmakers ahead of the hearing.
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