Forget the Federal Reserve and its prohibition against Wells Fargo’s further growth until its governance and risk management improve. Wells Fargo is now answering to Sister Nora Nash of the Sisters of St. Francis of Philadelphia.
The much-maligned bank has agreed to publish a business standards review to “investigate the root causes of systemic lapses in governance and risk management that have led to ongoing controversies, litigation and fines” in response to resolution filed for the 2018 proxy
