Higher multiple was because of cross selling. Made that point many times, quite some time, a higher multiple than the peer group as a result of the benefits of being able to sell in a sense across the product categories across the banks many different divisions. And she showed all the evidence in the form of earnings transcripts, which jim likes, as well meantime, at the same time, weve been hearing from the former ceo of equifax. Our aditi roy has been listening in to that one and has some of the recent developments ch what have we heard we have been sitting in on this hearing its still under way right now with former equifax ceo Richard Smith getting grilled by 23 lawmakers on this house subcommittee heres what weve learned so far. When smith was questioned about why it took the company 40 days to notify the public about the breach, he said initially they didnt understand the scope of the breach, initially it was termed as suspicious activity and they didnt know the scope and breadth
Tuesday he gave an update on how wells fargo is addressing past wrongdoing and changing business practices. The searing will come to order. Before we begin let us remember that were still mourning those lives who are lost in our thoughts go to the courageous First Responders who put their lives on the line to save others. Both centers of nevada arse absent today because theyre in nevada. I know that senator heller and cortez are doing all they can there we will be reunited in prayer and support with them during this difficult time. Today will hear testimony from wells fargo chief executive officer. Over a year ago john testified in front of this committee on the bank bank account scandal and his handling of the fallout. Of the many issues emphasized during the Committee Members one was the need to hold executives accountable and to ensure customers impacted will be made whole. He committed the bank would take necessary actions to make it right and restore the public and Investors Trust
Ceo Timothy Sloan appeared before the Senate Banking committee yesterday. He testified on the banks business practices. Last year the bank was found to set up several unauthorized accounts without customers knowledge. Mr. Sloan was asked about changes that were made in light of that disclosure and how the company was complying with federal regulations. This is about two hours. This hearing will come to order. Before we begin today, let me acknowledge that our nation is still mourning and remembering the lives lost in las vegas. Our condolences go out to the families effected by this heinous crime and our thanks go to the courageous First Responders and police and citizens who put their lives on the line to save others. Two members of this committee, both of the senators of nevada, are absent today because they are in nevada. And i know that senator heller and cortezmasto are doing all they can there and we will remain united in prayer and support with them during this difficult time. T
Instructions of your local officials. And if you get an evacuation order, just remember that you can always rebuild, you can always repair property. You cannot restore a life if it is lost. And we want to make sure that we minimize any possible loss of life or risk to people in these areas. Areas. The storm is being blamed for at least 11 deaths since it made landfall in haiti. Mandatory evacuations are underway in parts of florida. Governor scott told coastal residents to leave if they are able to. If matthew directly impacts florida there will be mass destruction that we havent seen in years. Again n is a deadly storm approaching our state. Dozens of school buses lined up along the highways as a quarter Million People will be evacuated from the coast later this afternoon. National guard has mobilized. We have 700 Traffic Control points along the interstates. You will see lots of Law Enforcement officers as well as guardsmen. We will have the comfort stations which will have the bathr
They were all transported to the hospital where they are all stable. Theyre all expected to survive. Police are working on Surveillance Video in this area of the gunmen. The gunmen after the shooting simply ran away. There is no lookout for any car or vehicle in this case. Now lets listen to the chief as she talks about what happened with this bike officer. When the sound of gunshots rang out, we have an officer on Mountain Bike patrol about a block away. As he is coming up to the scene, he is struck by a car. That car did stay on the scene. The officer is in good condition. He has been transported. But right now his injuries are not serious. Reporter so again all of the vehicles who were shot today are expected to survive. Again, that bike officer is doing okay. Now the chief also tells us this shooting appears to be targeted. We are live in northwest. Darcy spencer, news4. Now to politics in the next phase of the president ial race. The fall general election tonight, but there is sti