October 13, 2016 BY Valentina Kirilova

Wells Fargo new CEO Tim Sloan faces immediate test

Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, has departed on Wednesday. San Francisco-based Wells Fargo said Stumpf, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan. The bank is splitting the role of chairman and CEO with Stephen Sanger, its lead director, becoming…

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