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"Wells Fargo's Insider CEO Failed to Outrun Political Fury" by Hannah Levitt
Ian Katz was quoted in Hannah Levitt's Bloomberg article, "Wells Fargo's Insider CEO Failed to Outrun Political Fury" published on March 29, 2019.
The article reads:
The terse statement did more damage to Sloan than hours of criticism from both parties, Capital Alpha Partners analyst Ian Katz wrote in a note to clients this week.
“That was a clear message to the bank’s board that management wasn’t doing its job,” Katz said. “It’s not at all uncommon for lawmakers such as Maxine Waters, the committee chairwoman, to verbally rip into companies and executives. But for the generally bank-friendly OCC to do so on the record is rare indeed.”
Source: https://www.bloomberg.com/news/articles/2019-03-29/wells-fargo-s-cleanup-man-sloan-kept-looking-dirtier-to-critics?utm_source=twitter&utm_content=business&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_medium=social
