Wells Fargo shuffles C-suite over sales practices scandal


San Francisco-based Wells Fargo said Wednesday that its chief administrative officer and chief auditor have begun leaves of absence from the bank and named new leaders for key parts of the company.

The two executives on leave, Chief Administrative Officer Hope Hardison and Chief Auditor David Julian, also stepped down from the bank’s (NYSE: WFC) operating committee.

“These leaves relate to previously disclosed ongoing reviews by regulatory agencies in connection with historical retail banking…

Previous Here are the biggest Silicon Valley losers in Nasdaq correction
Next Two Wells Fargo executives begin 'leave of absence' as investigations continue