Wells Fargo & Co. is upgrading its reporting lines, President Charles Scharf’s first move to mark out the business structure linked in its fake-account scandal.
The bank said on Tuesday that it prepares to split its three organisation units into five. What had actually been known as the wholesale bank will be split into a business bank that offers back-end services for business, as well as a separate financial investment bank that focuses on capital markets.
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source https://jobsearchtips.net/the-wall-street-journal-wells-fargo-ceo-charles-scharf-overhauls-reporting-lines-as-he-works-to-get-rid-of-impacts-of-scandal/
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