Charles Scharf

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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