But since then, I think Wells Fargo has done a relatively good job about telling the story of how it will improve. In 2019, the bank brought in CEO Charles Scharf, who immediately got to work on revamping the bank's regulatory issues and addressing consent orders from the scandal. Scharf brought in a new team to run the bank; roughly half its top 150 leaders are new to their roles from the start of 2020, including more than 40 who are brand-new to the organization. Scharf also created new regulatory positions and a new risk management infrastructure, work that is still ongoing. Earlier this year, Scharf got to see some of his hard work pay off when the Fed approved Wells Fargo's proposal to overhaul its risk management and governance structure, a major step toward getting the asset cap removed.