Wells Fargo reveals new risk management structure

The company said it would also search for CROs for its commercial, consumer and small business, and investment banking arms and also for its wealth management unit.Since taking over the scandal-plagued bank late last year, Chief Executive Charlie Scharf has shaken up its leadership and overhauled the bank's business lines.The bank has had to contend with a federal investigation, a dozen consent orders and an unprecedented Federal Reserve cap on its balance sheet growth as the fallout of a 2016 s