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In the miasma of all the crazy news that's been flooding our psyches, we almost forgot that there's a $2 trillion bank out there still looking for a new CEO. 

But, according to Bloomberg, that search is perhaps winding down:

After twists and turns in the search, Bank of America Corp.’s Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase & Co.’s Gordon Smith won’t be taking the job, according to people with knowledge of the situation. Still, directors have yet to settle on a long-term successor for Tim Sloan, who abruptly stepped down in March, the people said, asking not to be named discussing the confidential process.

Bessant would be a very very strong choice for this gig. She's the COO and CTO of the second-biggest bank in the land, has decades of top-level experience in pretty much every category Wells Fargo needs to address, and she's a woman, which has been unsubtly important to the people making the decisions at Wells. So if she wants this terrible job, congrats to everyone on a very good hire!

Right?... Oh, Wells Fargo, are you really going to somehow fuck this up?

Senior executives at Wells Fargo have pushed for months to keep interim CEO Allen Parker around longer, and he’s privately signaled his willingness to see through the bank’s rehabilitation, people familiar with the situation have said. Parker joined the firm as general counsel in 2017, after its first scandals emerged, to help clean things up.

If you're going to keep letting insiders keep running the show, why not give Bessant mercy and just cut a deal with John Stumpf to come back? He's available.

Wells Fargo CEO Hunt, Day 106: Talks With a Top BofA Executive [Bloomberg]


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The Stagecoach is about to just give up and let its lawyer run the place.

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Interim Wells Fargo CEO Uses Earnings Call To Remind Everyone He's Doing A Great Job That He Hates

C Allen Parker has increased profits despite flat revenue, and he wants out very very badly.

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Wells Fargo To Abandon Hope Of Paying A Woman Less Than Her Male Peers To Be CEO/Human Target

C. Allen Parker might be getting the full-time promotion he seems to really not want.

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Sadomasochistic Megabank Courting Area Hedge Fund Manager To Be Its Next Dominatrix/CEO

If Wells Fargo wants Bridgewater's Eileen Murray to be its next CEO, then Wells Fargo might actually be ready to change.

Wells Fargo.Insane

Wells Fargo Narrowing Down CEO Candidates To Mostly Women, Hoping Any Of Them Will Take It

There is a lot of wild chatter coming from inside The Stagecoach.

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It's Official, No One Wants To Run Wells Fargo

Anybody want to make millions running a $207B megabank?...No?...Ok, then.

Zames Chavez Wells Fargo

Imaginary Wells Fargo CEO Shortlist Down To Marty Chavez And Matt Zames

Now that Harvey Schwartz has turned The Stagecoach down allow us to take the reins of this job search.

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In Search For New CEO, Wells Fargo Reports A "Bless This Mess" Quarter

The Stagecoach is offering its next leader a real fixer-upper opportunity.