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Stock impact report

Wells Fargo Suspends 2 Executives Amid Regulatory Review [The New York Times]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Wells Fargo said it had suspended two senior executives as part of a continuing regulatory review of its sales practices, the latest blow to a bank that has spent years reeling from scandals. The bank said on Wednesday that it had placed its chief auditor, David Julian, and its chief administrative officer, Hope A. Hardison, on immediate leave and removed them from the company’s operating committee of senior executives. Ms. Hardison had been one of the executives in charge of a broad effort to clean up the beleaguered bank. It has been repeatedly punished by federal and state regulators for its deceptive sales practices. American Banker, a trade newspaper, last month ranked her No. 10 on a list of women to watch in banking. Wells Fargo suspended Ms. Hardison and Mr. Julian at the request of regulators at the federal Office of the Comptroller of the Currency, according to a person briefed on the decision but not authorized to discuss it publicly. “These leaves relate to Show less Read more
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