A Look Back at Tim Sloans Wells Fargo Tenure

first_imgA Look Back at Tim Sloan’s Wells Fargo Tenure March 28, 2019 782 Views in Daily Dose, Featured, journal, News Wells Fargo CEO Tim Sloan announced Thursday that he will retire, less than three years into his tenure running the bank. Sloan will step down at the end of June.C. Allen Parker, Wells Fargo’s General Counsel, will serve as interim CEO and President while the bank searches for a long-term replacement.“In my time as CEO, I have focused on leading a process to address past issues and to rebuild trust for the future,” Sloan said in a statement. “We have made progress in many areas and, while there remains more work to be done, I am confident in our leadership team and optimistic about the future of Wells Fargo.” He added that his resignation came in part because “our ability to successfully move Wells Fargo forward from here will benefit from a new CEO and fresh perspectives. For this reason, I have decided it is best for the Company that I step aside and devote my efforts to supporting an effective transition.”“Tim Sloan has served this company with pride and dedication for more than 31 years, including in his role as CEO since October 2016,” said Wells Fargo Board Chair Betsy Duke in a statement. “He has worked tirelessly over this period for all of our stakeholders in the best long-term interest of Wells Fargo.”Sloan’s announcement comes only days after several senators, including Senators Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection, and Sherrod Brown, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, called for limitations on Wells Fargo’s growth to remain in place until such time as Sloan was no longer the company’s President and CEO.Sloan had recently appeared before Congress himself, addressing the House Financial Services Committee to discuss the bank’s progress in providing reparations related to past scandals and how the bank is working to improve its culture and better serve its customers.The hearing stemmed back to 2016, when the Consumer Financial Protection Bureau (CFPB), Office of the Comptroller of the Currency (OCC), and Los Angeles City Attorney fined Wells Fargo Bank collective penalties of $185 million for opening millions of deposit and credit-card accounts in customers’ names without their consent or knowledge. The CFPB and OCC imposed the bank with civil money penalties and demanded restitution to harmed customers.In this month’s hearing, Sloan claimed the bank has worked toward a change in leadership, culture, and practices. He pointed out that Wells Fargo has created the required ethics training for all team members titled “Change for the Better.” He also added that he “cannot promise perfection” but suggested that the changes implemented will act as a deterrent to further issues. “We’ve made fundamental changes,” Sloan said. “I can give personal assurance the bank will comply with consent decrees.”center_img tim sloan Wells Fargo 2019-03-28 David Wharton Sharelast_img read more

Jefferson did correctly predict a trade for the Cl

first_imgJefferson did correctly predict a trade for the Cleveland Browns out of the No. 8 selection, but instead of the pick going to the New Orleans Saints, the selection was acquired by the Tennesee Titans.Tony Jefferson NFL Mock Draft Comparision Bucs11. Lawson11. Hargreaves TeamTony JeffersonNFL Draft Saints12. Lynch12. Rankins Grace expects Greinke trade to have emotional impact Eagles2. Wentz2. Wentz Chargers3. Ramsey3. Bosa Broncos26. Floyd26. Lynch Browns15. Dodd15. Coleman Lions16. Stanley16. Decker Steelers25. Joseph25. Burns Jets20. Ragland20. Lee Raiders14. Jackson14. Joseph Giants10. Conklin10. Apple – / 35 Bears9. Hargreaves9. Floyd Cowboys4. Elliott4. Elliott Redskins22. Coleman22. Doctson The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 49ers28. Fuller28. Garnett Falcons17. Lee17. Neal 49ers7. Buckner7. Bucknercenter_img Bills19. Decker19. Lawson Rams1. Goff1. Goff Tony Jefferson, S2015: 75 total tackles, 2 INT, 2 QB sacks, 5 PD, 4 TFL, 3 FF, 2 QB pressures, 1 QB hitFew players have improved as much as Jefferson, who recorded his first two career interceptions and showed some solid coverage skills throughout the season. A big hitter who excels in the box, increased range and versatility makes the restricted free agent someone the Cardinals would be silly to let walk. However, they did extend the lowest tender offer they could, which makes you wonder how they feel about him. Colts18. Kelly18. Kelly Jaguars5. Jack5. Ramsey Bengals24. Doctson24. Jackson Seahawks31. Cook31. Ifedi Dolphins13. Apple13. Tunsil Cardinals29. Green29. Nkemdiche Panthers30. Alexander30. Butler Derrick Hall satisfied with D-backs’ buying and selling Ravens6. Tunsil6. Stanley Vikings23. Treadwell23. Treadwell Top Stories Comments   Share   Titans8. Bosa8. Conklin Earlier this week Arizona Cardinals safety Tony Jefferson did his own 2016 NFL Mock Draft.Jefferson admitted he’s just doing this for fun, but he dreams of being the next NFL draft expert.So, how much of an expert was the Cardinals safety on Thursday night?Well, like most mock draft experts, Jefferson struggled.He got six picks right, including the San Francisco 49ers’ No. 7 overall selection of DeForest Buckner. Packers27. Nkemdiche27. Clark Former Cardinals kicker Phil Dawson retires Texans21. Rankins21. Fullerlast_img read more