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Wells CEO says Board of Directors comfortable with current management team

Oct 14 Wells fargo & co cfo says efficiency ratio to remain elevated WELLS FARGO 'OFF CYCLE' INVESTOR DAY WILL BE IN MAY 2017, A YEAR EARLIER THAN USUAL 'VERY EARLY' TO GIVE DOLLAR FIGURE FOR LEGAL COST ESTIMATES FROM SCANDAL--WELLS FARGO CFO ASKED IF THE BANK WILL BRING IN AN OUTSIDER, SLOAN SAYS BOARD IS COMFORTABLE WITH MANAGEMENT TEAM WELLS CFO SAYS BANK BELIEVES ENERGY LOSSES PEAKED IN 2Q WELLS CFO SAYS CHANGES TO CCAR FRAMEWORK IN LINE WITH EXPECTATIONS SLOAN SAYS BANK 'NOT IN A POSITION' TO DISCUSS BOARD OF DIRECTORS INVESTIGATION TODAY WELLS FARGO WILL HOLD 'OFF CYCLE' INVESTOR DAY, SLOAN SAYS (Reporting by Dan Freed)

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