Only hours after news reports suggested Wells Fargo & Co. general counsel and interim chief executive Allen Parker might become the troubled bank’s next CEO, the organization instead chose banking veteran Charles Scharf.

Scharf, who is leaving as CEO of Bank of New York Mellon after less than two years in the job, made a point at Friday’s press conference to praise Parker’s work as interim CEO for the past six months and include him in future plans.

This content has been archived.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]