Wells Fargo CEO on sudden departure: ‘This was my decision’


Tim Sloan, the now-former chief executive at Wells Fargo & Co. (NYSE: WFC), did his best to squash rumors of the reasons behind his sudden departure.

The embattled executive, who took over as CEO in October 2016, announced his plans on Thursday to retire as of June 30. Sloan stepped down as CEO and president, effective immediately.

"This was my decision and is not related to our first-quarter financial performance, the long-term outlook for the company, or any newly discovered issues. It's simply…

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