Can a New CEO Solve Wells Fargo's Problems?

The video discusses the challenges faced by Wells Fargo, including regulatory issues, brand damage, and financial impact. It highlights the consequences of cross selling practices and the potential loss of market share in retail banking. The discussion also covers leadership changes and their political implications, focusing on Mr. Sloan's appointment and its effects on the corporate and retail banks.

What are the potential consequences of the departure of key personnel at Wells Fargo?

What issues are expected to continue affecting the banking industry, particularly Wells Fargo?

How might the reputational damage to Wells Fargo impact its earnings in 2017?

What factors contributed to the decline in Wells Fargo's stock valuation?

What are the implications of cross-selling practices at Wells Fargo for its retail banking operations?