The comical saga of Wells Fargo trying to get out from under, well, everything about being Wells Fargo has taken perhaps its highest turn. For just when it seemed that the bank may have at last turned a corner—in a larger sense, anyway; relatively smaller fuck-ups continue to recur at regular intervals—the Office of the Comptroller of the Currency had some bad news about a couple of key players in the turnaround.
The bank said on Wednesday that it had placed its chief auditor, David Julian, and its chief administrative officer, Hope A. Hardison, on immediate leave and removed them from the company’s operating committee of senior executives….
Wells Fargo suspended Ms. Hardison and Mr. Julian at the request of regulators at the federal Office of the Comptroller of the Currency, according to a person briefed on the decision but not authorized to discuss it publicly.
“These leaves relate to previously disclosed ongoing reviews by regulatory agencies in connection with historical retail banking sales practices,” the bank said in a statement on Wednesday.
We don’t know what Julian and Hardison allegedly did, but it was apparently bad enough to make even this guy blush.