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Wells Fargo likely to appoint former community banker to head board - WSJ


By Dan Freed(Reuters) - Betsy Duke, a former Federal Reserve official and community banker from Virginia, is likely to become chairwoman of the board of Wells Fargo & Co, the Wall Street Journal reported on Thursday.Investors have agitated for new leadership at the bank's board, as the third largest U.S. lender confronts a sales scandal that has grown beyond millions of unauthorized accounts to harm additional depositors and borrowers.A spokesman for San Francisco-based Wells Fargo declined to comment.Duke became a director in 2015. She was named vice chair last year after the scandal broke ...

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First Published: Thu, August 10 2017. 22:49 IST