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Wells Fargo reorganizes business lines

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Jon Weiss, the head of wealth and investment management, has been named CEO of corporate and investment banking

Wells Fargo & Co. is splitting its investment bank into its own unit and separating consumer lending under a new leader as Chief Executive Charlie Scharf reorganizes the company.

The overhaul will divide the bank’s business lines into five units from three previously, Wells Fargo said in a

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