Mary Mack looked like a rising candidate to become Wells Fargo's next chief executive. That is, until the bank's board promised it would find a new leader outside the troubled bank.
In trial, the Securities and Exchange Commission said the commissions generated by Donald J. Fowler were so high that clients would need a 142% return to break even.
Allen Parker, the general counsel who took temporary control of the fourth-largest U.S. bank this year, is signaling willingness and even interest in staying on.