October 18, 2018

CNBC: Elizabeth Warren calls on Fed to maintain growth cap on Wells Fargo until it fires CEO Tim Sloan

Sen. Elizabeth Warren sent a letter to Federal Reserve Chairman Jerome Powell calling on the Fed to maintain its growth cap on Wells Fargo until the bank replaces CEO Tim Sloan.

Sen. Elizabeth Warren on Thursday sent a letter to Federal Reserve Chairman Jerome Powell calling on the Fed to maintain its growth cap on Wells Fargo until the bank replaces CEO Tim Sloan.
Warren, a consumer advocate who sits on the Senate Banking Committee, has long been Wells Fargo's chief critic in Congress, repeatedly calling for top officials at the lender to be removed.
Read the full story on the Wall Street Journal website here.

By:  Tucker Higgins
Source: CNBC