Charles Scharf

‘Extraordinarily inefficient’: Scharf’s blunt assessment of Wells Fargo

01/14/20

The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.

[more]

Wells Fargo CEO Charlie Scharf kicks off tenure with more legal costs

01/14/20

Wells Fargo & Co. may have a new leader, but the work of reinvigorating the firm after years of troubles is far from over.

[more]

Banks’ record-breaking earnings streak has probably peaked

01/10/20

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

[more]

Wells Fargo's Scharf sows unease while considering change

12/27/19

Intense scrutiny from poker-faced CEO Charlie Scharf is prompting executives at the bank to ponder their units’ strategies — as well as what’s in store for their own careers.

[more]

Waters will call Wells Fargo's board members to testify in 2020

12/19/19

House Financial Services Committee Chairwoman Maxine Waters said oversight of the bank will be a focus for the panel next year.

[more]

Wells Fargo taps investment banker to help repair its image

12/18/19

Charles Peck, the head of public finance, is temporarily joining the leadership of the public affairs team.

[more]

Wells Fargo adds ex-Comerica CFO in latest outside hire

12/13/19

Muneera Carr, who will become the San Francisco bank's controller on Jan. 6, is the newest addition to a team being assembled by CEO Charlie Scharf.

[more]

Wells Fargo to refund checking fees after lawmaker flags issue

12/05/19

CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.

[more]

Shake-up continues at Wells Fargo with poaching of Santander's CEO

12/02/19

Scott Powell, who resolved numerous regulatory problems as the head of the Spanish bank's U.S. operations, will face similar challenges at scandal-plagued Wells. As the bank's chief operating officer, Powell will report to CEO Charles Scharf, a former colleague at JPMorgan Chase.

[more]

Wells Fargo's Modjtabai to exit as Scharf shapes leadership

11/21/19

Avid Modjtabai, who runs Wells Fargo's payments and technology innovation unit, is leaving the firm as new Chief Executive Officer Charlie Scharf continues to shake up top management.

[more]