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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]