US: John Stumpf to retire immediately to be replaced by Timothy Sloan as Wells Fargo CEO in wake of sales scandal, source tells Wall Street Journal as shares reacted by rising 2% on the news – @AceFinanceNews

#AceFinanceNews – Oct.13: Wall Street Journal: Wells Fargo CEO John Stumpf to retire as chairman and chief executive, effective immediately
http://on.wsj.com/2eaeppS

John Stumpf to be replaced by Timothy Sloan as Wells Fargo CEO in wake of sales scandal, source tells Wall Street Journal
http://on.wsj.com/2eadN3H

Wells Fargo shares jump 2% on Dow Jones report that CEO Stumpf will leave the company immediately cnbc.com/2016/10/12/wel

NiO-i0bJ_normal.png CNBC Now (@CNBCnow)
12/10/2016, 22:02
BREAKING: Wells Fargo shares jump 2% on Dow Jones report that CEO Stumpf will leave the company immediately cnbc.com/2016/10/12/wel… pic.twitter.com/uDhxpSUpau

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