The US bank has been battling with a sales-practices scandal that led to the departure of the previous chairman and CEO

Embattled US bank Wells Fargo is planning a board shake-up that is likely to see its chairman step down, 

Stephen Sanger, the bank's non-executive chairman, is expected to step down before its shareholder meeting next spring, according to a person familiar with the matter. He is likely to be succeeded by vice-chair Elizabeth Duke, a former governor at US central bank the Federal Reserve.

Wells Fargo chairman likely to step down as part of board shake-up

Clare Dickinson

Wells Fargo

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Wells Fargo chairman likely to step down

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