World News: 17:50 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co's pick for its next chief executive, a development that could complicate the scandal-hit lender's efforts to find a permanent replacement for CEO Tim Sloan. Joseph Otting, the Comptroller of the Currency (OCC), told Congress he would use special legal powers that the regulator typically reserves for overseeing financially troubled lenders to review any proposed candidate. 'At this point in time I do not have plans to release that information,' Otting told Warren in a heated exchange.
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