Noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their
President of the United States is the president of the United States. He can do whatever he wish and he is not accountable to me or anybody in this room. Renault shares fall to the bottom of the 600 as reports emerge that nissan is gearing up for a potential divorce. The pound falls below 1. 30 against the dollar after the bank of Monetary Policy Committee Says he would vote for a rates cut if there is no improvement in the uk Economic Data welcome to the show, everyone the most Senior Commander of irans revolutionary guard was called to a closed session of parliament after tehran admitted it mistakenly shot down a Ukraine International Airlines Passenger plane. There were no immediate details asked of the official but iran blamed its air Defense System for the crash, which killed 176 people the announcement has sparked protests across iran and protesters have called for the resignation of iran saying they tried to cover up involvement in the crash. Dan is in abu dhabi. What a differen
And things across the e. U. Are laying off employees as other banks are moving to try to keep up with the proliferation of Online Banking so what is the future look like in the Banking Sector r t correspondent ill just read and Public Citizen Bartlett Naylor will break it down for us so much to get to on this very busy day so lets get started. And we begin with the u. S. In ca because as we told you monday the new north american trade deal between the u. S. And mexico and canada has been agreed to by democrats in congress and that was the final hurdle for the Trump Administration to get passed in order to have this agreement ratified House Speaker nancy pelosi announced the agreement Tuesday Morning calling it a victory for American Workers listen. This is a day weve all been working to and working for on the path to yes we were in range for a while but until we could cross a certain threshold of enforcement for our workers rights floor and environment and. Point of the issue as you kn
Have taken their toll on Economic Growth worries continue to pile up the report which of the British American Business Association lends its a hand to break down britains economic woes and what lies in store for the euro and things across the e. U. Are laying off employees as other banks are mungy to try to keep up with the proliferation of Online Banking so what is the future look like in the Banking Sector r t correspondent ill just read and Public Citizen Bartlett Naylor will break it down for us so much to get to on this very busy day so lets get started. And we begin with the u. S. In ca because as we told you monday the new north american trade deal between the u. S. And mexico and canada has been agreed to by democrats in congress and that was the final hurdle for the trumpet ministration to get passed in order to have this agreement ratified House Speaker nancy pelosi announced the agreement Tuesday Morning calling it a victory for American Workers listen. This is a day weve al
Agreement ratified House Speaker nancy pelosi announced the agreement Tuesday Morning calling it a victory for American Workers listen. This is a day weve all been working to and working for on the patch to yes we were in range for elia but until we could cross a certain threshold of enforcement for our workers rights floor and environment and point of view drug issues as you know they learned the areas that we had played out there. Well so heres the problem though everybody on capitol hill is patting themselves on the back for this historic incredible deeply meaningful trade deal that will impact workers in such a positive way but can we just tell the truth here because politics aside the u. S. Embassy a isnt a great trade deal its in fact only a little bit better than nafta so lets go back over here to the wall where we can break down exactly what is different about this particular deal compared to the original nafta. Because remember President Trump campaign that nafta was the worst