Wells Fargo will no longer be allowed to cross the street without adult supervision and will be forced to run any potential CEO candidates by the Comptroller of the Currency. Joseph Otting of the OCC will use special legal powers to oversee the troubled bank's hiring process. Otting has stated that he does not have plans to make his review public. It's safe to say that this is unprecedented.
US bank regulator will vet next Wells Fargo CEO [CNBC]
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