Wells Fargo Executives Are Said to Get OCC Letters Before Leave
- Chief administrative officer, chief auditor have begun leave
- The two executives were also removed from operating committee
A Wells Fargo & Co. bank branch in Palatine, Illinois.
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
Two Wells Fargo & Co. executives were placed on leave and removed from the firm’s operating committee after they received letters from the Office of the Comptroller of the Currency, according to a person familiar with matter.
The leaves of absence for Hope Hardison, the chief administrative officer, and chief auditor David Julian aren’t related to the bank’s reported results, San Francisco-based Wells Fargo said Wednesday in a statement.