NPR

Wells Fargo CEO Quits In Wake Of Consumer Financial Scandals

Wells Fargo announced Thursday that CEO and President Tim Sloan will step down immediately. The company's general counsel Allen Parker was elected to run the company until a new CEO is selected.

Wells Fargo CEO Tim Sloan will step down immediately, the company announced Thursday.

"It has become apparent to me that our ability to successfully move Wells Fargo forward from here will benefit.

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