Make Kitco Your Homepage

U.S. bank regulator to review Wells Fargo pick for chief executive

Kitco News

WASHINGTON (Reuters) - The Office of the Comptroller of the Currency (OCC) will evaluate Wells Fargo’s pick for its next chief executive, the regulator told Congress on Wednesday.

Joseph Otting, the regulator’s top official, said the agency would review the bank’s pick, but that he did not plan to make those findings public.

At a congressional hearing, Otting added that the OCC remains disappointed by the bank’s efforts to address a range of scandals across its business lines.

Reporting by Pete Schroeder; Editing by Bill Berkrot

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.