Old problems overshadow new era at Wells Fargo

Old problems overshadow new era at Wells Fargo

The Tim Sloan era has begun at Wells Fargo (WFC.N) but the old problems remain.
The newly installed chief executive faces a plethora of challenges following a sales practices scandal that felled his predecessor John Stumpf.
He needs to restore the bank's reputation after revelations that staff opened as many as two million accounts without customers' knowledge to meet internal sales goals and he has to navigate a litany of federal and state investigations arising from those revelations.
Wall Street will be his first port of call when he presents third-quarter results on Friday.
Investors... read more

13 October 2016 in Business, Views: 39
Source: Reuters

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