NEW YORK – Newly appointed Wells Fargo CEO Tim Sloan has told employees that he is “sorry for the pain” that the bank’s employees have felt as a result of the company’s sales practices scandal.
Sloan’s speech Tuesday is the latest effort by Wells Fargo’s executives to atone for the fact that the bank’s employees, pushed by impossible sales goals, opened as many as 2 million bank and credit card accounts without customers’ authorization.
In the speech, Sloan acknowledged that the bank did not respond to the problems in its branches soon enough and that upper management dodged responsibility for the bad behavior and wrongly placed blamed on its branch employees.
PARIS – Even as it provides support for Iraq’s battle to retake Mosul, the U.S. led-coalition is laying the groundwork to push Islamic State militants out of the Syrian city of Raqqa, U.S. Defense Secretary Ash Carter said Tuesday.
But a senior military official cautioned that conducting major operations in Raqqa and Mosul at the same time would stretch the coalition. He says the Raqqa campaign should wait until the Iraqis have made more significant progress in Mosul, where resistance from the militants has been described as heavy.
Mosul and Raqqa are the two main strongholds of the Islamic State group.
Associated Press
