Wells Fargo’s new CEO is Charles Scharf, CEO of BNY Mellon

BNY Mellon CEO Charles Scharf has been named the new Wells Fargo CEO.

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This follows Tim Sloan’s departure from the role. Thomas Gibbons, current CFO at BNY Mellon, will serve as the interim BNY Mellon CEO. CNBC’s Wilfred Frost reports.

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