Wells Fargo & Co. is upgrading its reporting lines, Chief Executive Charles Scharf’s first move to stamp out the corporate structure linked in its fake-account scandal. What had actually been understood as the wholesale bank will be divided into an industrial bank that supplies back-end services for companies, as well as a separate financial investment bank that focuses on capital markets.
source https://jobsearchtips.net/charles-scharf-puts-stamp-on-wells-fargo-with-overhaul-of-reporting-lines/
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