JPMorgan Chase Chief Executive Jamie Dimon on Tuesday slammed rival Wells Fargo as “irresponsible” for not having a permanent replacement after losing its top executive in March.“I’d be surprised if regulators wanted that to happen because it’s irresponsible,” Dimon said of Tim Sloan’s unexpected resignation after less than three years on the job.
As The Post previously reported, Sloan stepped down amid expressions of “no confidence” from Washington regulators who were growing frustrated with the bank’s never-ending consumer scandals.
The bank has installed Allen Parker, its former general counsel, as its interim CEO. In April, Parker said a new CEO may not be chosen this year.Dimon’s comments, made at a conference, come as Wells faces a narrow pool of potential successors due in part to continued pressure from Washington, which is scaring candidates, sources tell The Post.
Wells has been under the microscope since 2016 when it emerged that workers created millions of fake accounts to fulfill arbitrary quotas, forcing Sloan to take over as CEO.