Charles Scharf

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.

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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.

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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.

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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.

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Goldman’s ‘money pit;’ lenders embrace small installment loans

09/30/19

Goldman’s consumer unit, Marcus, has so far lost $1.3 billion; big lenders like JPMorgan Chase and Amex are making loans for small-ticket items like clothes and cosmetics.

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Suddenly CEO: Thomas Gibbons praised as right choice at BNY Mellon (for now)

09/27/19

Bank of New York Mellon’s quick decision to elevate the longtime executive to succeed Charles Scharf on an interim basis was well received. Will the board keep him, or search for an outsider for the long term?

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No shortage of challenges facing Wells Fargo’s new CEO

09/27/19

Charlie Scharf’s most immediate priorities will be mending fences with regulators and getting the bank out from under a Fed-imposed asset cap. But he also must come up with strategies for spurring revenue growth and reining in expenses.

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What Charles Scharf’s Visa years say about his plan for payments at Wells

09/27/19

In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo.

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'I know it’s disappointing,' BNY Mellon chief says of 1Q

04/17/19

Bank of New York Mellon's clients shifted more of their deposits to higher-rate products. It was one of several trends that hurt the custody bank's bottom line.

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BNY Mellon shelves tighter work-at-home rules after staff uproar

03/07/19

The bank had told employees in November that it was reviewing their ability to work from home, but its CEO now says he had decided “hit pause on implementing any changes."

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