Wells Fargo & Co. Chief Executive Timothy Sloan is expected to apologize for the bank’s phony account scandal Tuesday and tell Senate lawmakers that his firm has rehired about 1,800 employees who left over shortcomings with its sales practices, according to written testimony reviewed by The Wall Street Journal. “I apologize for the damage done to all the people who work and bank at this important American institution,” Mr. Sloan is expected to tell the Senate Banking Committee.

Source: Wall Street Journal October 02, 2017 16:21 UTC