Wells Fargo CEO Tim Sloan took over the company last year after the fake accounts scandal. Time
While Wells Fargo blamed declining workload when it announced hundreds of local layoffs late last year, U.S. Rep. Cindy Axne said the company appeared to be shipping American jobs overseas.
Axne, D-Iowa, questioned Wells Fargo CEO Tim Sloan during his testimony Tuesday in front of the U.S. House Financial Services Committee. Sloan endured bipartisan criticism for the bank’s handling of multiple scandals dating back to the 2016 revelation that the company opened 3.5 million bank accounts without customer authorization to meet aggressive sales goals.
The bank announced in November that it would eliminate 400 jobs