Wells denies talk of replacing CEO.
BANKING AND CREDIT NEWS-March 22, 2019--Wells denies talk of replacing CEO
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Global Banking News - 22 March 2019
Wells Fargo (NYSE: WFC) has denied talk that it is planning to replace its CEO.
The firm said that CEO Tim Sloan has the full support of its board. There were rumours that the bank had tried to hire a former CFO of Goldman Sachs (NYSE: GS), Harvey Schwartz, for the top job.
Wells Fargo has been in the news after being hit with scandals repeatedly since 2016. It has been restricted from growing its assets beyond end-2017 levels until a bank...
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