Senator Elizabeth Warren accused Wells Fargo CEO Tim Sloan of trying to cover up the bank's creation of millions of phony accounts and said he deserves to get fired. Sloan insisted Wells Fargo "isn't too big at all" and has tried to fix its mistakes. Wells Fargo has also been accused of firing whistleblowers who spoke up about the fake account problem. Sloan said Wells Fargo has improved its ethics protections to encourage employees to "speak up without any fear of retaliation." "We are resolving past problems even as we make changes to ensure nothing like this happens again at Wells Fargo."

Source: CNN October 03, 2017 05:31 UTC