Wells Fargo makes more personnel changes in retail banking unit [Reuters (UK)]
Wells Fargo & Company (WFC)
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Source: Reuters
By Dan Freed May 30 Wells Fargo & Co has made moreexecutive changes in its retail banking unit as it tries torecover from a sales scandal that harmed its once-enviablereputation. Mary Mack, head of the retail business, announced new rolesfor four executives who will report directly to her, overseeingdifferent functions across branches and regional divisions,according to a memo sent last week that was viewed by Reuters onTuesday. The San Francisco-based bank also cut the number ofsub-regions in its Western U.S. operation to five from eight, amove that left two executives looking for new jobs, according tothe memo, whose contents were confirmed by spokeswoman MaryEshet. "These leadership changes are responsive to our prioritiesof rebuilding trust with team members and customers... so thatwe can learn from the past," Mack said in the May 24 memo, whichwas first reported by the Wall Street Journal. The latest changes come nearly a year after Mack took over
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