Wells Fargo Sales to Be a Focus of 3Q Results

The video discusses Wells Fargo's cross-selling scandal, focusing on litigation reserves and its impact on community banking. It highlights Tim Sloan's role in regaining business and his new position as CEO. The video also addresses corporate governance concerns, including the potential separation of the chairman and CEO roles.

What are the two main areas analysts are focusing on regarding the Wells Fargo scandal?

• Community banking and scandal spread

• California State Treasurer and litigation reserves

• Litigation reserves and community banking

• Litigation reserves and scandal spread

What is the significance of the California State Treasurer in the Wells Fargo scandal?

• It is a new business opportunity for Wells Fargo

• It is not related to the scandal

• It is a major part of Wells Fargo's business

• It represents a minor part of Wells Fargo's business

Who is Tim Sloan and what role did he take on at Wells Fargo?

• Head of Community Banking

• Chairman of the Board

• Chief Operating Officer

• Chief Financial Officer

What management change is being considered at Wells Fargo?

• Eliminating the COO position

• Merging the CEO and Chairman roles

• Separating the CEO and Chairman roles

• Appointing a new CFO

What is the general opinion on separating the CEO and Chairman roles at Wells Fargo?

• It is seen as unnecessary

• It is already implemented

• It is considered good corporate governance

• It is opposed by most investors