Wells Fargo announced 2016 that it had created a division drawing together corporate communications, government relations, investor relations and public policy. The move is the latest organisational shift to follow in the wake of the false accounts scandal which resulted in a $185 fine for the bank in last week. The new “Stakeholder Relations” group will be led by Jim Rowe, formerly in charge of investor relations, who will report to Chief Administrative Officer, Hope Hardison. An internal investigation found that too much decentralisation had exacerbated problems at the bank.
Wells Fargo announced last week that it had created a division drawing together corporate communications, government relations, investor relations and public policy. The move is the latest organisational shift to follow in the wake of the false accounts scandal which resulted in a $185 fine for the bank in 2016. The new “Stakeholder Relations” group will be led by Jim Rowe, formerly in charge of investor relations, who will report to Chief Administrative Officer, Hope Hardison. An internal investigation found that too much decentralisation had exacerbated problems at the bank.