The CEO of Wells Fargo is stepping aside as a massive phony account scandal continues to plague the bank
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Wells Fargo has named Allen Parker, who served as the general counsel, as interim CEO and president , effective immediately. Sloan took over in October 2016 but the hits kept coming for Wells. The bank was hit with lawsuits over the phony account scandal and legal costs totaled more than $1 billion shortly after the problems began.
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