Jon Weiss, co-CEO of corporate and investment banking at Wells Fargo, has informed the company of his intention to retire. Weiss, who has been with Wells Fargo for nearly 20 years, will step down as co-CEO effective immediately and will formally retire on June 1,

Jon Weiss, Wells Fargo's co-CEO of corporate and investment banking resigned from his position with plans to retire; A new CFPB report says military service members paid more for auto loans and add-on products;

Wells Fargo's co-CEO of corporate and investment banking (CIB), Jon Weiss, has informed the bank of his intention to retire and will step down from his position effective immediately, the company said on Thursday.

Jon Weiss, who led the unit with Fernando Rivas, will step down and Rivas will become the sole CEO of the lender’s corporate and investment bank, the company said.