Wells Fargo makes more post scandal executive changes

Wells Fargo has made more executive changes in its retail banking unit as it tries to recover from a sales scandal that harmed its once-enviable reputation.

Mary Mack, head of the retail business, announced new roles for four executives who will report directly to her, overseeing different functions across branches and regional divisions, according to a memo sent last week that was viewed by Reuters on Tuesday.

The San Francisco-based bank also cut the number of sub-regions in its Western U.S. operation to five from eight, a move that left two executives looking for new jobs, according to the memo, whose contents were confirmed by spokeswoman Mary Eshet.

"These leadership changes are responsive to our priorities of rebuilding trust with team members and customers... so that we can learn from the past," Mack said in the May 24 memo, which was first reported by the Wall Street Journal.

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Wells Fargo makes more personnel changes in retail banking unit

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