Wells Fargo's new CEO faces immediate test



Tim Sloan will not have much time to prepare his pitch for Wall Street.
The newly installed chief executive of Wells Fargo & Co will present third-quarter results on Friday, less than 48 hours after replacing John Stumpf at the helm of the bank.
Investors are seeking reassurance that Wells Fargo can rebuild its reputation and retain profits while overhauling the hard-charging sales culture at the heart of a scandal over unauthorized accounts.
Sloan's nearly 30 years with Wells, largely spent on the corporate and institutional side of the bank, and his moderate temperament make him a... read more

 
13 October 2016 in Business, Views: 58
Source: Reuters
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