Wells Fargo is attempting to fill its open CEO job, The Wall Street Journal announced Tuesday.
Two of the bank’s top hopefuls declined offers to lead the fourth-biggest U.S. bank.
PNC’s CEO, William Demchak, and previous U.S. Bancorp CEO Richard Davis both turned down the Wells Fargo board’s idea to head the bank, individuals acquainted with the issue told the Journal.
Wells Fargo was seeking after Gordon Smith, the CEO of J.P. Morgan’s customer and network bank, to assume control, however Smith told the Journal that he is likely remaining at J.P. Morgan.
Previous CEO Tim Sloan surrendered in March, following 31 years at Wells Fargo. Sloan should tidy up the wreckage left by his ancestor, however he attempted to fulfill controllers’ requests to patch up the bank.
In 2016, news that representatives at Wells Fargo had made a great many phony banks records to meet deals shares seriously harmed the notoriety of the bank and prodded investigation from controllers. A year ago, the Federal Reserve topped the bank’s advantage development after Wells Fargo found more issues with client dealings.