Reuters - Wells Fargo CEO to testify before Congress

Capitol Hill United States

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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