Wells Fargo's Tim Sloan set to appear twice before House panel - WSJ [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Wells Fargo's Tim Sloan set to appear twice before House panel: WSJ (Reuters) - Wells Fargo & Co’s Chief Executive Officer Tim Sloan is expected appear before the House Financial Services Committee alone in March this year, and then in April with several other banking heads, the Wall Street Journal reported on Friday, citing people familiar with the matter. Wells Fargo will be the first bank to face a grilling by House Democrats who took over the committee in the new Congress. The discussion will likely revolve around the widespread consumer abuses that took place at the bank, the report said. JPMorgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley chiefs will meet with the committee in April, although formal invitations have yet to be sent to the banks, WSJ said. Wells Fargo declined to comment and the other banks did not immediately respond to a Reuters’ request for comment. The House Financial Services Committee, run by long time Wall Street critic U.S. Representativ
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