Wells Fargo CEO Tim Sloan, shown in this file photo, and other executives held an investor day Thursday to update analysts on the bank’s plans. There’s no question that 2016 was among the toughest in our 165-year history,” Sloan said.
Wells Fargo CEO Tim Sloan, shown in this file photo, and other executives held an investor day Thursday to update analysts on the bank’s plans. There’s no question that 2016 was among the toughest in our 165-year history,” Sloan said. Richard Drew AP
Wells Fargo CEO Tim Sloan, shown in this file photo, and other executives held an investor day Thursday to update analysts on the bank’s plans. There’s no question that 2016 was among the toughest in our 165-year history,” Sloan said. Richard Drew AP

Wells Fargo to double cost-cutting in wake of sales scandal

May 11, 2017 09:20 AM

UPDATED May 12, 2017 09:01 AM

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  • Wells Fargo CEO: We should have done more sooner

    Wells Fargo CEO John Stumpf faced another round of questioning Thursday by the House Financial Services Committee over his bank's creation of fake accounts. "I am fully accountable for all unethical sales practices in our retail banking business," Stumpf said.