Wells Fargo directors spoke with Gary Cohn about becoming the troubled bank’s CEO, but the former president of Goldman Sachs declined the offer earlier this year, according to the New York Post.
Cohn, who gave up his post as President Donald Trump’s top economic advisor in March, was considered an option to take over from then-CEO Tim Sloan, several sources told the paper.
“They approached him,” the source said. “He turned them down.”
The paper asked Cohn earlier this week if he was still speaking with Wells Fargo about a role at the bank, and he replied, “Absolutely not.”
What Your Peers Are Reading
Sloan took the reigns almost two years ago after ex-CEO John Stumpf left the bank as the fake-accounts scandal dominated headlines.
What’s next for Wells Fargo’s CEO slot? “I don’t know if they have an active search, I know that they’re looking,” a Wall Street CEO told the Post.