Wells Fargo & Co. confirmed Thursday it has named banking veteran Douglas Edwards as acting general counsel of its embattled legal department while it continues to search for a permanent legal chief who will be acceptable to federal regulators.
The Office of the Comptroller of the Currency has overseen a two-year purge of Wells Fargo executives and directors in an effort to change the bank’s values and compliance culture. Numerous scandals have cost the bank more than $4 billion in penalties.
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