(Reuters) – Wells Fargo & Co said on Thursday that it had appointed Deutsche Bank’s Kate Clifford-Toomey to be chief operating officer for corporate risk.
Clifford-Toomey joins the risk management team, led by Chief Risk Officer Mandy Norton, at a time when the bank is working to overhaul its risk management procedures to satisfy regulator demands.
Regulators - San - Bank - Microscope - Whistleblowers
Regulators have held the San Francisco-based bank under a microscope since 2016 when whistleblowers revealed Wells Fargo had opened potentially millions of unauthorized accounts. The scandal led the bank to uncover issues in each of its primary business segments, and has...