Wells Fargo CEO ‘Can't Promise’ New Reviews Won't Find Issues
- CEO says ‘turning over every rock’ in examining operations
- Bank tempers loan-growth forecast in ‘competitive’ environment
Wells Fargo's Image Problem Gets Worse
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The battering Wells Fargo & Co. has taken over the past year from multiple scandals in its consumer operations might not be finished, Chief Executive Officer Tim Sloan said.
“We’ve been very focused on opening every drawer and turning over every rock in the company,” Sloan said Tuesday at an investor conference in New York, where many of the questions focused on recent damage to the bank’s reputation. “I can’t promise you that it’s exactly over with.”