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Wells Fargo CEO Tim Sloan steps down

The board named General Counsel Allen Parker as interim CEO and president, while the bank begins a search for a long-term CEO.

Sloan’s departure after more than 30 years with the bank marks the end of an era for the San Francisco-based bank that’s been rocked by a series of scandals that first came to light in 2016.

“Tim Sloan has served…

Source: The Business Journal

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