Wells Fargo’s lone outsider aims to clean up bank’s reputation

Wells Fargo's lone outsider aims to clean up bank's reputationBefore a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers. Now the only one of 11 executive officers at the bank who did not work there before its fall from grace is a consummate insider: C. Allen Parker, general counsel, 62 years old and former presiding partner at storied law firm Cravath, Swaine & Moore. Since he took the job in March, Parker has been trying to improve Wells Fargo’s standing with regulators, answering questions from authorities and working through a raft of lawsuits over the bank’s improper sales practices.

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