People

Wells Fargo’s chief admin officer and auditor take leaves of absence

Both received letters by the Office of the Comptroller of the Currency expressing concerns about their failure to oversee problems

Two top executives of Wells Fargo went on leave from the bank after the Office of the Comptroller of the Currency cited them in regulatory warnings, people familiar with the matter said.

Wells Fargo said Wednesday the leaves for Hope Hardison, chief administrative officer, and David Julian, chief auditor, stemmed from the continuing regulatory reviews of the sales practices in its retail bank. It said the executives would no longer be part of its operating committee.

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