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Wells Fargo faces costly overhaul of bankrupt sales culture

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Wells Fargo (WFC) CEO Stumpf to Retire; Successor Elected

October 12, 2016 5:05 PM EDT

Wells Fargo & Company (NYSE: WFC) announced that Chairman and Chief Executive Officer John Stumpf has informed the Companys Board of Directors that he is retiring from the Company and the Board, effective immediately. The Board has elected Tim Sloan, the Companys President and Chief Operating... More