Reuters - Wells Fargo CEO to testify before Congress

Wells Fargo CEO Tim Sloan is due to testify before Congress on October 3rd as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.

Reuters reports that Sloan will appear before the Senate Banking Committee, which writes rules for his industry, at a hearing titled “Wells Fargo: One Year Later,” the panel said on Thursday.

In September 2016, Wells Fargo said its employees may have created more than 2 million accounts without customer approval. Several executives were subsequently fired, but a review also turned up possible abuses with other products such as auto and life insurance.

The U.S. bank has since tried to improve sales practices and restore trust with customers.

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Wells Fargo CEO to testify before Senate as questions linger over scandal

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