Timothy Sloan - Wells Fargo


Last quote by Timothy Sloan

Difficult as this situation is, the decision reflects our commitment to our values and culture and to executive accountability. We have a strong team in Consumer Lending and I am fully confident that the transition will be smooth and that its businesses will continue to operate normally in serving our customers.feedback
share this quote
Nov 17 2017
Timothy Sloan has been quoted in 55 different articles. Most recently, Timothy Sloan has been quoted saying, “I don't think Apple fundamentally wants to become a bank. I don't think Amazon wants to become a bank. They want to use financial services products to help their customers succeed.” in an article called Small banks oppose U.S. regulator offering olive branch to tech sector. This is only one of 70 quotes from Timothy Sloan. To see more examples Timothy Sloan’s views and opinions, check out the section below. You can filter Timothy Sloan's quotes by date and by topic to see, for example, what Timothy Sloan said about Wells Fargo recently and in the past.
Automatically powered by Storyzy
Take our quote verification challenge and find out !

Timothy Sloan quotes

Oct 03 2017

We haven't done that. We're not doing that. I am angry about how we handled the problems historically.feedback

Oct 03 2017

I also want to be clear about another thing: Wells Fargo is a better bank today than it was a year ago. And next year, Wells Fargo will be a better bank than it is today. That is because we have spent the past year determined to earn back the public's trust.feedback

Oct 03 2017

We came to Congress without a good plan and all of you were right to criticize us.feedback

Oct 03 2017

I am deeply sorry for letting down our customers and team members. I apologize for the damage done to all the people who work and bank at this important American institution. When the challenges at Wells Fargo demanded decisive action, the bank's leaders acted too slowly and too incrementally. That was unacceptable.feedback

Oct 02 2017

We expected to find more shortcomings ... and we did.feedback

Oct 02 2017

The old sales goals and pressure failed our team members. I apologize for the damage done.feedback

Sep 20 2017

He's very commercial. I've found him to be very helpful in terms of talking about strategic business or product-type decisions that we might be making.feedback

Sep 19 2017

Our commitment has never been stronger to build a better bank for our customers, team members, shareholders and communities.feedback

Sep 12 2017

I can't promise its exactly over. We've been very focused on opening every door and turning over every rock in the company.feedback

Aug 31 2017

We are working hard to ensure this never happens again and to build a better bank for the future. We apologize to everyone who was harmed.feedback

Aug 22 2017

This analysis examined account usage patterns and is constructed to err on the side of the customer in determining which accounts are included as potentially unauthorized.feedback

Aug 22 2017

The results of our reviews will generate news headlines, but even as we face this renewed coverage, the best thing we can do is stay focused on fixing problems, making things right for customers, and building a better, stronger Wells Fargo.feedback

Aug 18 2017

My policy had not lapsed, so I told them it was a mistake and thought, okay, it is going to get fixed now.feedback

Aug 18 2017

We want to make sure we make that right for our customers if they had been affected. We are deeply sorry for any harm we caused our customers, who expect and deserve better from us. We will acknowledge mistakes and take responsibility for our actions.feedback

Aug 08 2017

To regain the trust we have lost, we must continue to be transparent with all our stakeholders and go beyond what has been asked of us by our regulators by reviewing all of our operations – leaving no stone unturned – so we can be confident we have done all that we can do to build a better, stronger Wells Fargo.feedback

Aug 04 2017

Settling this longstanding lawsuit allows us to put the matter behind us and continue to focus on serving customers and rebuilding trust with our stakeholders.feedback

Jul 10 2017

We are pleased that the court found the settlement to be fair, reasonable and adequate. This preliminary approval is a major milestone in our efforts to make things right for our customers.feedback

May 01 2017

Turnover now in our retail bank is the lowest it's been, that I can recall, in my 30 years at the company. When you put your shareholders first – I hope Warren Buffett isn't listening by the way – but when you put them first, then you're going to make mistakes. Because you're going to make short-term decisions that aren't focused on creating a long-term, successful company.feedback

Apr 25 2017

We're going to be very responsive, not only at the board level, but also at the management level to make sure that we fix everything that was broken and build a better Wells Fargo – and we're doing that every day.feedback

Apr 21 2017

The expansion of this agreement is another important step to make things right for our customers.feedback

Apr 19 2017

Wells Fargo continued to make meaningful progress in the first quarter in rebuilding trust with customers and other important stakeholders, while producing solid financial results. Of course it's having an impact on performance at the moment. What we've been able to demonstrate historically ... is that we can work through those challenges.feedback

Apr 17 2017

Clearly we've seen a reduction in new account openings and credit cards, and my guess is when you look at the annualized numbers you'll continue to see some deterioration in second quarter and then we'll rebound from there.feedback

Apr 13 2017

Because we wouldn't want to put ourselves in the position of having to make an abrupt change for something that was out of our control, we decided to leave things at that level, and they're still operating there today.feedback

Apr 11 2017

The study has not been peer reviewed.feedback

Apr 10 2017

We have much more work to do in terms of rebuilding trust with all of our stakeholders and making things right with our customers. I don't think this is a chapter that is over with. The steps that we were taking were having a positive impact, but again in hindsight we should have moved faster. I wish we would have ended the incentive compensation plan that we had in our community bank. We've done that and now it's about moving forward.feedback

Apr 10 2017

I am very proud of what our team has accomplished . . . in terms of progress that has been made. We need to make things right with our customers and that is going to cost whatever it's going to cost.feedback

Apr 05 2017

We want to identify anyone who was negatively impacted so we can make things right.feedback

Apr 04 2017

We are following up on each of them. Even though it's a very small number, anything more than zero is too large.feedback

Mar 28 2017

This agreement is another step in our journey to make things right with customers.feedback

Mar 28 2017

We are committed to addressing the OCC's concerns.feedback

Mar 28 2017

We are committed to addressing the O.C.C.'s concerns. Restoring trust in Wells Fargo and building a better bank for our customers and our communities is our top priority.feedback

Mar 21 2017

For our team members and customers, we want to create a culture that's better every day.feedback

Mar 20 2017

Today's update on retail banking trends is part of our ongoing commitment to transparency.feedback

Mar 20 2017

What you see in that monthly update is that our checking account growth, primary checking account growth, a customer that's calling us their primary bank, is growing at about 1 percent year-over-year. Pre-crisis, we were in an environment where we were growing at about 4 percent. We're going to work very hard to get back to those levels. It's not going to happen immediately, but over time, we are.feedback

Mar 17 2017

Would we like to take some of our excess capital and return it to our shareholders? Of course we would. And that's what they'd like us to do.feedback

Mar 17 2017

Over time, we want to return more of our excess capital to our shareholders.feedback

Mar 17 2017

It's about how many ATMs you have to offer. Or what type of features you offer on your mobile offerings, or where you have branches.feedback

Mar 17 2017

The board is saying, Hey we are doing exactly what you are asking us to do. So why do we need this proposal?' My bet is that they will be satisfied with the board's report.feedback

Mar 17 2017

I will describe it as more complicated than anyone could have imagined, but that's not an excuse. It's going to take a few more months to work through. But I assure you we will remediate all those customers. If the board feels there are other people responsible, there should be consequences. If rates rose dramatically, that could have a big negative impact, but I think the Fed is cognizant of the fact they want to raise interest rates without having a dramatic impact on economic growth.feedback

Mar 17 2017

He's been very direct in terms of some of the mistakes that we made. I agree with him. We had an incentive program that drove the wrong behavior. I don't know if I'm going to be able to do anything to assure him. I think our performance is going to reassure him as to whether or not he should continue as a our largest shareholder.feedback

Mar 17 2017

My primary focus has been to work with our team to rebuild trust within our company. We made some mistakes, we made some significant mistakes. We've owned up to them and we're making progress.feedback

Jan 13 2017

We continued to make make progress in the fourth quarter in rebuilding the trust of our customers, team members and other key stakeholders.feedback

Jan 13 2017

I am pleased with the progress we have made in customer remediation, the ongoing review of sales practices across the company and fulfilling our regulatory requirements for sales practices matters.feedback

Jan 10 2017 - Blockchain

Innovation plays a very important role for me as the new CEO of Wells Fargo as we rebuild trust in the company.feedback

Dec 06 2016

So far interest rates and foreign currency fluctuations have moved even more than in Q1, and in the opposite direction.feedback

Nov 10 2016

We've found that the majority of cases were handled appropriately. However, there are some instances where we have questions so we are doing further investigation of those matters.feedback

Nov 09 2016

We at Wells Fargo look forward to working with the new Administration and Congress to do all we can to help achieve this goal.feedback

Nov 09 2016

Now with the election behind us, the American people are looking to our policymakers to bridge the divide and focus on matters important to the country and our future.feedback

Nov 03 2016

I don't want there to be a question about how we interact with customers at Wells Fargo. We're going to put that to rest. That's going to be done in a very comprehensive way and it's going to be done relatively quickly, but it's going to be done right.feedback

Oct 26 2016

Many felt we blamed our team members. That one still hurts, and I am committed to rectifying it.feedback

Oct 26 2016

My primary objective is to restore trust in Wells Fargo–restore pride in our company and mission. That may seem like a long ways off today,but I promise you we will.feedback

Oct 26 2016

You also should expect more tough headlines, as additional accountability actions occur, and other investigations and reviews are completed.Some of that is going to be very painful for us.feedback

Oct 14 2016

For now, our immediate priority is restoring trust in Wells Fargo.feedback

Oct 14 2016

We know that it will take time and a lot of hard work to earn back our reputation, but I am confident because of the incredible caliber of our team members. We will work tirelessly to build a stronger and better Wells Fargo for generations to come.feedback

Oct 14 2016

Saying we put our team members through the wringer is an understatement.feedback

Oct 12 2016

[Stumpf] concluded that this was the right thing to do for the company to allow it to move forward, because he felt that the focus on him was becoming a distraction and a hindrance to the business.feedback

Oct 12 2016

We felt like there was more answers that we could have provided, but those hearings are overwith and we're moving on.feedback

Oct 12 2016

It's going to be harder for awhile, and we get that.feedback

No quotes...
More Timothy Sloan quotes
|< <
> >|

Quotes by Timothy Sloan

Quote Verifier
Check if the quote you read on social networks is authentic
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided

Quote :

Mistake :

Comments :