Elizabeth Warren on Wells Fargo CEO's resignation: 'About damn time'

Sunday is the end of the important FEC quarter. Donate to Warren for POTUS with our DU ActBlue link here: https://secure.actblue.com/donate/duforwarren



By Louis Casiano | Fox News

Sen. Elizabeth Warren, D-Mass., tweeted her pleasure in reaction to the news that Wells Fargo CEO Tim Sloan will step down from his position Thursday after a 31-year career with the financial institution.

“About damn time. Tim Sloan should have been fired a long time ago. He enabled Wells Fargo's massive fake accounts scam, got rich off it, & then helped cover it up. Now—let's make sure all the people hurt by Wells Fargo's scams get the relief they're owed,” posted Warren, who has long crusaded against shady practices from Wall Street and big banks.

The 2020 presidential candidate has been among the most ardent critics of Sloan, 58, and Wells Fargo, which has been besieged by scandals in recent years. He will retire from the lender on June 30 and will be replaced by the firm’s general counsel Allen Parker on an interim basis, Bloomberg reported.

“It has become apparent that the focus on me has become a distraction that impacts our ability to successfully move Wells Fargo forward,” Sloan said on a conference call after the announcement.

FULL story: https://www.foxnews.com/politics/elizabeth-warren-on-wells-fargo-ceos-resignation-about-dam-time