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Warren urges Fed to remove Wells Fargo CEO
Sen. Elizabeth Warren is urging the Federal Reserve to require the removal of Wells Fargo CEO Tim Sloan if the bank wants to grow. Warren sent a letter to Fed Chair Jerome Powell asking him to not allow the embattled megabank to grow in size until it replaces Sloan. In her letter, Warren said Sloan is “deeply implicated” in the bank’s prior misconduct.