Deals
Wells Fargo Reiterates Support for Tim Sloan on Report of Harvey Schwartz Talks
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Wells Fargo & Co. said Chief Executive Officer Tim Sloan has the full support of its board following a report that directors had reached out to Goldman Sachs Group Inc.’s former chief financial officer for his job.
The New York Post reported Thursday that members of the bank’s board are in talks with Harvey Schwartz to take over as CEO, citing unidentified people. The bank reiterated the statement of support for Sloan that it gave last year, when the Post said the board was talking with former Goldman Sachs president Gary Cohn.