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Wells Fargo likely to appoint Duke as chairwoman - WSJ


By Dan Freed(Reuters) - Betsy Duke, a former Federal Reserve official and community banker from Virginia, may become chairwoman of the board of Wells Fargo & Co, according to the Wall Street JournalThe change comes as investors have agitated for new leadership at the board, and 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.Duke became a director in 2015 and was named vice chair last year after the scandal broke and led to the resignation of then-Chairman and Chief Executive Officer ...

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First Published: Thu, August 10 2017. 21:49 IST