Gillian Tan, Columnist

Warren Buffett Finally Gets Tough on Wells Fargo

Better late than never.

October 3, 2017 at 5:25 PM UTC

Gillian Tan is a senior reporter covering finance and alternative asset classes including real estate, infrastructure, private equity, private credit, venture capital and sports business. She previously wrote an opinion column for Bloomberg and was a reporter at the Wall Street Journal. She is a qualified chartered accountant.

1507053206_pic — Photographer: Chris Goodney/Bloomberg

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Wells Fargo & Co.'s directors better watch their backs. For that matter, so should CEO Tim Sloan.

It's been a while coming, but on Tuesday -- for the first time since the bank's sales-practices scandal emerged -- Warren Buffett took those responsible to task, speaking extensively about Wells Fargo's handling of its missteps in an interview with CNBC. His comments came just as Sloan was set to appear before the Senate Banking Committee to talk about the bank's progress in cleaning up the mess.