Tim Sloan Related Content

Wells Fargo CEO Testifies on Company Reforms Before Skeptical Congress

Wells Fargo CEO and President Tim Sloan testified before the House Financial Services Committee, asserting Wells Fargo has become a better bank through ongoing operational reforms. But numerous news services reported this testimony was met with skepticism by Congressional membership. read more

Wells Fargo Details Plan to Rebuild and Transform

Wells Fargo provided an update on the progress the company has made and is making as part of its transformation to build a better, stronger company in a new progress report available on its website. read more

Wells Fargo Launches Recovery and Rebuilding Effort in Paradise, CA

Wells Fargo will provide an additional $3.25 million in financial resources to residents and organizations in Butte County, CA, to address challenges that remain after the 2018 wildfires. Funding will include loan capital earmarked for infrastructure, staff, inventory, equipment and other assistance. read more

Hardison, Julian Take Leaves of Absence from Wells Fargo

Chief Administrative Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence from Wells Fargo and will no longer be members of the company’s Operating Committee. read more

Wells Fargo Q3 Earnings Up 32%; Lease Financing, C&I Loan Yields Higher

Wells Fargo reported Q3/18 net income of $6.01 billion was up 32% from $4.54 billion in Q3/17. The bank also noted YTD U.S. C&I Loan and Lease Financing yields of 4.08% and 4.82%, respectively were up from 3.70% and 4.78% for the same period in 2017. read more

Wells Fargo Reports ‘Flat’ H1/18 Lease Financing Results

Wells Fargo reported lease financing average balances for the six months of 2018 were $19.3 billion compared to $19.1 billion a year earlier. The average yield for the period of 4.89% compared to 4.88% for the same six months in 2017. read more

Wells Fargo Announces $200B Sustainable Financing Commitment

Wells Fargo will provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50% focused on clean technology and renewable energy transactions. read more

Wells Fargo Acknowledges CFPB/OCC Probe, Reports ‘Preliminary’ Q1

Wells Fargo reported “preliminary” Q1/18 earnings of $5.9 billion were up from $5.6 billion a year earlier. In a supplement, Wells Fargo said Q1 results could change to reflect accruals to cover a CFPB/OCC matter. read more

Dahlgren Named Wells Fargo Head of Regulatory Relations

Wells Fargo named Sarah Dahlgren its head of regulatory relations. She will report to Mike Loughlin, Wells Fargo’s chief risk officer, until his successor is named. Loughlin announced his retirement on January 17. read more

Wells Fargo Q4 Results Reflect $3.35B Tax Act Benefit

Wells Fargo reported 2017 net income of $22.2 billion was up from $21.6 billion a year earlier. The bank noted Q4/17 results included a $3.35 billion after tax benefit from the tax act. read more

Wells Fargo Fires Senior Executive Vice President

Wells Fargo announced Franklin Codel, a senior executive vice president and head of Consumer Lending, was dismissed from the company, effective immediately. read more

Wells Fargo Reports 8.5% Increase in Lease Financing Average Balances

Wells Fargo reported lease financing average balances for the first nine months of 2017 were $19.1 billion, up 8.5% from $17.6 billion a year earlier. The YTD yield of 4.78% was down from 4.86% in 2016. read more

Roemer Named Wells Fargo Chief Compliance Officer

Wells Fargo named Mike Roemer chief compliance officer. Roemer, a 27-year financial services veteran, most recently served as group head of compliance for Barclays. read more

Federal Judge Rules Lawsuit Necessary for Wells Fargo Execs Over Fake Accounts

A federal judge ruled that a shareholder lawsuit will be necessary against Wells Fargo CEO Tim Sloan and other executives of the company in connection with a fake account opening scandal. read more

Wells Fargo CEO Shares Updates on Rebuilding Trust in Message

Wells Fargo CEO Tim Sloan sent a company wide message to team members regarding the bank’s second quarter 10-Q filing and updates on its rebuilding trust efforts. read more

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