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the whole truth and nothing but the truth so help you god following a ruling congressional hearing earlier this month over wells Fargo's fraudulent banking practices we are dedicated to compensating every customer who suffered harm because of our mistakes CEO Tim Sloan is stepping down immediately he's the second head of the bank to leave over the scandal he took over from John stomped who resigned in twenty sixteen after Wells Fargo employees were found to have open millions of bank accounts without the knowledge of the customers in order to meet unrealistic sales goals but the bank faced several more scandals under Sloan's leadership including problems with customers getting auto insurance they didn't need and getting over charged for fixed rate mortgages Sloane had become a target for regulators and politicians who repeatedly called for his removal Reuters peach Schroeder is following the story listen testified before Congress a few weeks ago he faced hours of %HESITATION probing questions from lawmakers in both parties who made it clear that they're not convinced that the bank had done enough to repair its culture from its previous scandals and needed to see more from the bank now phones exit gives the bank another chance to try to rebuild his reputation and convince policy makers that they've started on a fresh for