“The leave takes effect a day before Chief Executive Officer John Stumpf is scheduled to testify before the Senate Banking Committee.”
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Wells Fargo’s Chief Risk Officer for Retail Bank Takes Leave
Wells Fargo & Co.’s top risk manager in the division where bank employees are suspected of falsifying more than 2 million customer accounts has taken a leave of absence and was replaced in that role.
Claudia Russ Anderson, 58, who began a six-month unpaid leave Monday, was succeeded in August by Vic Albrecht, 57, who held a similar job in the wealth-management division, said Richele Messick, a spokeswoman for the San Francisco-based lender. Anderson’s leave was announced to staff in June, said Messick, who didn’t elaborate when asked whether it was tied to an investigation by authorities into the bogus accounts. Anderson didn’t immediately reply to phone and e-mail messages seeking comment.
“Claudia decided to take a personal leave of absence for personal reasons,” Messick said in a phone interview.
More here…
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The Mortgage Crises of 08 was a thousand time as bad as this latest scam . Tens of millions of fake Mortgages created so that the BANKS could steal our personal Property and use it to make Trillions of Dollars , then steal our real property for redistribution !!! Warren knows that the Banks realize they will not be prosecuted because of economic adversity , so they cheat and steal from the American people . But to put it as ” Badly broken ” ? is ridiculous !!! call it what it is , CRIMMINAL !!!!!!!!!!!!
oops ! I meant Criminal ……