President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
"[Stumpf] concluded that this was the right thing to do for the company to allow it to move forward, because he felt that the focus on him was becoming a distraction and a hindrance to the business," Sloan told CNBC's "Fast Money" on Wednesday.
Sloan succeeded Stumpf as CEO at Wells Fargo late Wednesday amid a scandal in which Wells Fargo's community banking division opened about 2 million accounts without customer authorization. The practice resulted in the bank paying $185 million in penalties. Stumpf was grilled on Capitol Hill as he defended the bank's sales practices.
Sloan first joined Wells Fargo 29 years ago and became president and COO of the bank in November 2015. Carrie Tolstedt, former head of the company's community banking division, reported to Sloan, but not during most of the scandal period.
He said Wednesday that he is unaware of any criminal investigations of Stumpf.
Wells Fargo was "disappointed" that its appearances on Capitol Hill often "turned into a situation in which there were more speeches given than questions asked," Sloan said.
"We felt like there was more answers that we could have provided, but those hearings are overwith and we're moving on," Sloan said.
Wells Fargo is expected to report earnings before the market open on Friday.
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