As Wells Fargo continues to face further legislative action, the big bank announced the retirement of four of its risk management executives.
Last week, Wells Fargo made an internal announcement, saying it is implementing a new design for how the company manages risk, the company told HousingWire. Part of this announcement included the retirement of four of its risk management executives.
“Strengthening and transforming how we manage risk is a top priority for Wells Fargo,” a company spokesperson told HousingWire. “While more work is under way, we’re making meaningful progress that is allowing us to better serve our customers and enable our team members to more effectively manage risk across the company.”
The change in its risk management comes as…
