Tim Sloan

The senator’s presidential ambitions are becoming another headache for the Wells Fargo CEO.

For investors who were hoping for a turnaround quarter, better luck next time.

Tim Sloan is finishing a year in which the Federal Reserve told the bank to stop growing, scandals emerged in more divisions, and the stock tumbled 25%.

Executives at the beleaguered firm say they are focused on quality, not quantity.

While he inherited a tough job, two years in it’s hard to find a single business metric that has improved,

“I’ll stay in this role as long as the board believes that I’m the right person for the role, and they do, and I think I am,” Sloan, 58, said.

The bank, which has 265,000 employees, is struggling to grow under the weight of a Federal Reserve assets cap.

Betsy Duke took the rare step of denying the bank is looking to replace Chief Executive Tim Sloan.

More trouble for the embattled company.

The bank disclosed earlier this month that it faces a U.S. inquiry into its purchase of low-income housing credits.

The fees affected hundreds of thousands of customers and the total cost could climb to more than $180 million, according to a report in The Wall Street Journal.

Total broker head count dropped by 173 from the prior quarter, according to the wirehouse.

Advisor exodus from beleaguered firm shows no sign of abating in 2018

Investors may support the pay hikes, but protesters says the bank owes customers more.

Fourth-quarter profits ticked up a modest 1% year-over-year to $659 million even as number of advisors dropped 2%.

Last year, the Democratic senator argued successfully for the termination of Sloan's predecessor as chief executive, John Stumpf.

“We’ve been very focused on opening every drawer and turning over every rock in the company,” CEO Tim Sloan said.

Attorneys are preparing written objections to the settlement, which they may file in the next 15 to 30 days.

Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers.

On the same day, the OCC faulted the bank for engaging in an “extensive and pervasive pattern” of discriminatory and illegal lending practices for years.