Wells Fargo Risk Executive Departs After Fed Slaps Bank Again



The Wall Street Journal reported Wells Fargo Chief Operational Risk Officer Mark D’Arcy is leaving after an 18-month tenure following a Federal enforcement action against the bank.

According to the Journal, D’Arcy was hired in February, 2017, to respond to Federal Reserve sanctions in relation to insufficient risk controls. He will be replaced by Mark Weintraub, the bank’s head of audit for consumer banking.


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