Sen. Warren Wants Wells Fargo CEO Gone

The transcript discusses Tim Sloan's situation with the Fed and Warren's involvement, highlighting the challenges of replacing a bank CEO, especially in a struggling bank. It also covers the Fed's restrictions on growth and the board's dilemma. Warren Buffett's perspective on Wells Fargo's past mistakes and the importance of addressing problems early is also discussed.

What improvements have been noted regarding Tim Sloan's leadership?

What does Warren Buffett emphasize about addressing problems in banking?