Big job relocation announcements often come with big incentives packages. The state of North Carolina typically offers tax rebates worth millions of dollars to companies that move here, usually with a smaller matching amount from local governments.
Wells Fargo CEO Tim Sloan is expected to tell the Senate Banking Committee on Tuesday morning that he’s “deeply sorry” for the bank’s massive sales scandal, the latest effort by the company to make amends on Capitol Hill.
Wells Fargo’s CEO Tim Sloan has begun his testimony before the Senate Banking Committee Tuesday, apologizing for a sales scandal and outling reforms tajen at the bank over the past year. The nation’s No. 3 bank by assets is committed to addressing any concern customers have about unwanted products, Sloan said in his opening remarks. “If there is a problem, we want to hear about it,” he said.