Key exec replaced in fake accounts scandal

Wells Fargo scandal explained

The Wells Fargo officer in charge of policing the division that created millions of fake accounts has been replaced.

Claudia Russ Anderson began a six-month leave of absence as the retail bank’s chief risk officer in June, a Wells Fargo (WFC) spokeswoman told CNNMoney on Monday. She has been replaced by Vic Albrecht, a 35-year veteran of the company.

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