Charles Scharf

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]

Wells Fargo CEO to tap Bill Daley to help repair bank's image

11/07/19

Chief Executive Officer Charlie Scharf plans to name Bill Daley, the former White House chief of staff, to a senior post to improve relations with authorities in Washington, according to people with knowledge of the plan.

[more]

Scharf’s first day at Wells Fargo; Zuckerberg readies to face the Hill

10/22/19

The new CEO is the first outsider to head the scandal-ridden bank in decades; Facebook CEO faces the House Financial Services Committee on Wednesday to discuss Libra.

[more]

Costs weigh on Wells Fargo as new CEO prepares to take reins

10/15/19

Perhaps the biggest test that Charles Scharf will face when he starts next week will be how to control expenses while still trying to make the necessary investments in risk management to satisfy regulators.

[more]

Wells Fargo takes $1.6 billion legal charge, dragging down 3Q earnings

10/15/19

Investors got a reminder that the bank isn’t past its problems even as it seeks a fresh start under a new leader.

[more]

Women in Banking rolls on, new CEO for Wells, GSE reform: Top stories of the week

10/04/19

The ‘Unsinkable Cathy Bessant’; Thasunda Duckett’s rising star takes center stage; the challenges facing Wells Fargo chief Charles Scharf; Fannie, Freddie to retain $45B in capital; and more from this week’s most-read stories.

[more]

Does it really matter where Wells Fargo’s CEO is based?

10/01/19

Incoming CEO Charles Scharf will remain in New York even though the bank's headquarters is in San Francisco. His hiring underscores the diminished importance of geographical proximity for executives at large banks.

[more]