Transcripts For CSPAN2 Senate Banking Hearing On Wells Fargo

CSPAN2 Senate Banking Hearing On Wells Fargo October 10, 2017

People are going to continue to take the brunt of it. Thank you, mr. Chairman. Thank you. Senator, could i respond to that . Yes, as a matter of fact, im going to make my last word as the last questioning period here then. Im interested in what your answer would be to senator warren statements and assertions that she makes. I couldnt disagree more with almost everything that senator warren said. I think its inappropriate to take statements out of context and multiply numbers and apply them to people, what youre saying, youre scaring people and thats inappropriate. When you look at wells fargo, i said first and foremost, my commitment is to our our 270,000 team members to make sure theyve got a safe place to do business and to serve their customers, that theyre paid fairly and what those team members are saying to us, even in the midst of the fact that we have said that we need to become a more efficient organization, is they like working at the company because our attrition is down. Its down to its lowest levels in years and thats because they appreciate the fundamental changes that weve made, many of which, but not all of which that we have talked about. We care about our team members and thats why i spend a lot of my time going out and seeing them and talking to them and understanding how theyre feeling about the company and were making changes based upon what they tell us. Every other month i hold a town hall with 1, 2, 3,000 team members and ask them unscripted to give us suggestions. Weve implemented lots of their suggestions we care about them, but at the same time i have an obligation as a ceo of this company to make sure that we keep other stake holders happy and that includes our shareholders, who arent just wall street investors, but theyre shareholders that are Pension Funds that support many retirees all across this company. 401 k plans own our stocks. Weve got an obligation to them. So, my job as ceo is to try to balance those appropriately and im working as hard as i can to accomplish that. All right, well, thank you. And i want to just let our senators know that if they have additional questions, they are due by next tuesday, and then, mr. Sloan, we generally ask that the witnesses respond to those questions as quickly as they can. Not knowing how extensive those questions will be, we cant give a specific timeline to that. Senator, if you want to set a deadline for us now, wed be happy to p go to whatever deadline. We generally ask to respond in one week. Well respond in one week. All right, without anything further, this hearing is adjourned. Thank you. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] coming up live life today ad cspan2 starting at noon eastern, a discussion with hackers have attempted to hack into u. S. Voting machines. Well hear what they felt. At 3 30 p. M. A discussion about the Iran Nuclear Agreement which President Trump says he may and. National student advisor h. R. Mcmaster will be joined by three of his predecessors including Henry Kissinger to talk about the National Security council life at 5 30 p. M. All that on cspan2 and you can watch live coverage online streaming at cspan. Org or use the cspan radio app. A look at the hill reporting President Trump made reference to an executive order on healthcare that may be unveiled sometime this week. The president tweeting since congress cant get its act together on healthcare i will be using the power of the pen to give great healthcare to many people fast. The executive order would allow Small Businesses are of the groups to band together to form their own insurance associations. Supporters of obamacare and insurers are worried an executive order could undermine the stability of the current system. You can read more at thehill. Com. It cumbersome 6 million people. This is a very heavily automobile commute city, and it will just extend our brand and get people are involved a chance to listen to it. Thats how it happened and it was that simple. Cspan radio app marking 20 years of Public Affairs programming from the nations capital. Listen to the washington journal live each morning beginning at 7 a. M. Eastern, here recaps of the political events on washington today, weekdays at 5 p. M. Eastern. And get the latest from congress, the administration and about events from across the nation. Cspan radio app is available in washington on 90. 1 fm, on our website cspan. Org, or by downloading the free cspan radio app. Cspan radio, 20 years where you hear history unfold daily. Next, future economic and trade relations between china and the united states, look at north Koreas Nuclear program and the upcoming meeting between President Trump and the president of china in beijing. Good afternoon. Im vali nasr, the dean of the john

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