Wells Fargo gives CIB new leader and more prominence

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By Jasper Cox
12 Feb 2020

Wells Fargo has reorganised its group structure, including hiving out its corporate and investment bank as a separate business line and giving it a new leader.

The bank said on Tuesday that the new model would bring “greater focus and accountability” to the firm. It said leaders would have “clear authority, accountability, and responsibility”.

The change comes a couples of months after Charlie Scharf took over as chief executive. He leads the bank ...

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