Two other long-serving directors, Cynthia H. Milligan and Susan G. Swenson, also will retire at the end of this year. They’re the latest casualties in the bank’s long-running scandal over sham accounts, which has spurred a wide-ranging shake-up at the San Francisco financial giant. He was replaced as CEO by Tim Sloan, who remains on the bank’s board. Sanger, a longtime board member, replaced Stumpf as chairman. james.koren@latimes.comFollow me: @jrkorenUPDATES:2:15 p.m.: This article was updated with additional details on the bank’s accounts scandal and other problems.

Source: Los Angeles Times August 15, 2017 20:38 UTC