Wells Fargo is looking for a new leader, who will have to do two things: Get the company on the right side of banking regulators while fixing its broken business
Wells Fargo & Co.’s board is on the hunt for a new chief executive who can appease Washington while repairing the bank’s battered operations. It won’t be easy.
There is no clear successor to Timothy Sloan, a 31-year Wells Fargo veteran who stepped down from the top job Thursday. The board said it plans to hire a leader from the outside, reversing its tradition of choosing long-serving employees for the top job. (The bank’s general counsel, former Cravath, Swaine & Moore LLP partner C. Allen Parker, will do the job...
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