Waters, who grilled Sloan during a four-hour hearing into Wells Fargo's consumer abuse issues on Tuesday, has called for his removal before.
Charged with cleaning up the fake-accounts scandal that claimed his predecessor, Sloan has struggled to satisfy regulators' demands to overhaul the sprawling institution.
The San Francisco-based bank's problems came to light in 2016 with the news that employees had created fictitious accounts to meet sales goals.
A decade after playing a central role in the 2008 financial crisis, banks are still a popular topic of criticism from elected officials.
Jim Cramer sits down with Wells Fargo CEO Tim Sloan, who speaks to how his bank is aiding its customers that have been affected by the ongoing government shutdown.
Wells Fargo reports fourth quarter EPS of $1.21 a share
CEO Tim Sloan informs Wells Fargo employees that as many as 26,500 positions will be eliminated.
Wells Fargo is lowering its employee headcount by 5 to 10 percent in the next three years, the company announced Thursday.
Wells Fargo, the third-biggest U.S. bank, has yet to shake a scandal that emerged two years ago when the bank announced it was firing employees for creating fake accounts under a high-pressure sales culture.
The bank will pay the civil penalty after allegedly originating and selling tens of thousands of residential mortgage loans it knew contained misstated income information and didn't meet the quality that Wells represented.
Wells Fargo's annual meeting is on Tuesday in Des Moines, Iowa, 1,800 miles away from company headquarters, where top executives have been scrambling for nearly two years to contain the damage from a sales practices scandal
Federal regulators are poised to impose a $1 billion penalty on Wells Fargo for a variety of alleged misdeeds, the New York Times reports.
CEO Tim Sloan said in an interview earlier this week that while the bank has been in contact with its clients in the firearms industry, he has doubts about whether banks should get more involved.
Warren Buffett's three-hour interview with CNBC on Monday was a teaching moment for every investor, Jim Cramer says.
The Massachusetts Democrat fired off a letter to Wells Fargo's CEO demanding answers to the refund issues.
The Fed's stinging rebuke of Wells Fargo may have far reaching implications for the banking giant.
The Federal Reserve said Friday that it is restricting Wells Fargo's size in response to "widespread consumer abuses."
Wells CEO Tim Sloan says there is "reasonable momentum" already, and tax reform is expected to create even more.
The executive firings would add to Wells Fargo's existing struggle with scandal in its consumer banking business.
Steve Eisman, a fund manager at Neuberger Berman, said Thursday he is betting Wells Fargo shares will go down, while Citigroup shares will rise.