A shakeup in management announced yesterday has analysts speculating on who will be the next CEO at Wells Fargo & Co., Bloomberg reported.

 

Wells Fargo yesterday named Chief Financial Officer Timothy Sloan the head of wholesale banking. Sloan has been CFO since 2011. Jennifer Thompson, an analyst at Portales Partners LLC, told Bloomberg that Sloan is an "up-and-comer" who could be on the fast track for CEO.

 

Sloan is taking over wholesale banking from David Hoyt, who will retire after 32 years with the company. John Shrewsberry was named as Sloan's replacement as CFO.

 

The appointments "demonstrate the deep bench of high-caliber leaders at Wells Fargo," CEO John Stumpf said in a statement.

 

Wells Fargo had a record profit in 2013.

In another banking story, a recent International Monetary Fund study detailed that there's still an assumption that governments would again rescue the biggest banks in the event of another financial panic, Reuters reported.