Wells Fargo CEO Faces Scrutiny of Unit He Ran

Wells Fargo & Co.’s struggle to shore up money-laundering controls in its division serving companies may prove awkward for Chief Executive Officer Tim Sloan as he faces shareholders Tuesday. Now, Wells Fargo plans to ask the OCC to extend a June 30 deadline to make good on the pledge, the Wall Street Journal reported Sunday, citing unidentified people familiar with the matter. A Wells Fargo spokesman declined to comment, and an OCC spokesman didn’t immediately respond to a message seeking comment Sunday.