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July 3, 2022
Finance Technologies

Wells Fargo compliance chief Mike Roemer steps down

Wells Fargo’s chief compliance officer Mike Roemer is leaving the bank two years since joining from Barclays. Mike Roemer has left Wells Fargo after two years Financial Times sources report that the departure of Roemer has occurred shortly after the creation of a set of “divisional risk officers.” The move is seen by some at the bank as undermining previous attempts to centralise responsibility for risk and compliance. Wells Fargo is still recovering from a $3 billion settlement over a long-lasting investigation into fraudulent account opening. The bank pressured employees to cross-sell products and services, leading them to create millions…
Wells Fargo compliance chief Mike Roemer steps down

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