Bloomberg Law
March 4, 2020, 3:40 PM

Wells Fargo Names Edwards Acting Legal Chief as Search Continues

Brian Baxter
Brian Baxter

Wells Fargo & Co. has appointed Douglas Edwards to serve as acting legal chief and a member of the bank’s operating committee.

Edward’s promotion from interim general counsel came two weeks before Wells Fargo finalized a $3 billion settlement with the Justice Department and Securities and Exchange Commission related to alleged consumer banking abuses at the financial services giant.

His promotion would require approval of the Office of the Comptroller of the Currency (OCC) under the terms of a 2018 consent order in which the federal banking regulator was given input on the selection of Wells Fargo senior executives and ...

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