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Wells Fargo CEO Charles Scharf. (Photo: Kyle Grillot/Bloomberg) Wells Fargo’s incoming CEO, Charles Scharf. (Photo: Kyle Grillot/Bloomberg)

Plenty of advisors, investors, regulators, politicians, clients and ex-clients have had their eyes on Wells Fargo, wondering who the bank would choose as its CEO. Six months after then-CEO Tim Sloan resigned in the face of criticism from lawmakers and others, the bank announced that it tapped Bank of New York Mellon Chairman and CEO Charles Scharf to take the reins, effective Oct. 21.

The news comes about a month since a report of the bank allegedly imposing fees on clients months after they’d closed accounts at the institution and three years since its fake-accounts scandal came to dominate headlines.

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