Fernando Rivas, who joined Wells Fargo in May as co-CEO of the corporate and investment bank (CIB), will take over as the unit's sole leader. "Since Jon started leading CIB in early 2020 ...

Meanwhile, Jon Weiss, the co-CEO of Wells Fargo's corporate and investment bank, has announced his retirement. His position will be taken over by Fernando Rivas, who joined Wells Fargo in May.