You Searched For "Charles Scharf" and got 20 results
Sort By:
4 mins read
Wells Fargo exec responds to reports that it denied mortgages to Black applicants and held sham job interviews
Wells Fargo's Kleber Santos addressed reports about the bank denying nearly half of Black mortgage-…
Marguerite Ward
2 mins read
Wells Fargo's CEO says there is 'no question' that the US is heading into a downturn, and it will be hard to avoid recession
Charlie Scharf said while a recession in the US seems hard to avoid, the strength of businesses and…
Hamza Fareed Malik
2 mins read
Wells Fargo slashed CEO Charles Scharf's pay by around 12% last year
Wells Fargo & Co. cut its CEO's payment by around 12% as it continues to downsize its annual expens…
Fatma Khaled
2 mins read
Warren Buffett may have slashed his Wells Fargo stake because the bank ignored his advice and hired a Wall Street CEO
The billionaire investor's company has slashed its position by more than 60% this year to a 17-year…
Theron Mohamed
4 mins read
'Not out of the woods': Here's what 5 top executives said this week about the prospect of more economic stimulus
"We'll probably see delinquencies tick up in the early part of 2021" if a new aid package isn't pas…
Ben Winck
3 mins read
Wells Fargo's CEO apologized for blaming the company's lack of diversity on 'a very limited pool of Black talent.' Here's why that attitude is pervasive and harmful to workers.
The real problem is racist behaviors and practices that ultimately prevent the recruitment and reta…
Marguerite Ward
4 mins read
'We're really hitting the moment of truth': 5 Wall Street execs have sounded the alarm on a tough economic recovery ahead. Here's what they said.
The execs all cautioned that while the worst of the pandemic's toll likely hit in the second quarte…
Ben Winck
2 mins read
Wells Fargo plummets 8% after posting its first quarterly loss since the financial crisis
The bank set aside $9.5 billion for credit loss protections over the quarter, nearly double the $4.…
Ben Winck
2 mins read
Wells Fargo names its next CEO: BNY Mellon's Charles Scharf
Scharf will also join Wells Fargo's board of directors. Prior to his tenure at BNY Mellon, he serve…
Carmen Reinicke
3 mins read
Bank bosses aren't worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and …
Theron Mohamed
5 mins read
Big banks are bracing for losses as Americans struggle to pay off debt
Banks are building cash reserves as more and more Americans struggle to pay off credit card, auto, …
Jacob Zinkula
3 mins read
Wells Fargo pauses controversial hiring policy that a former exec said led to women and people of color being given 'fake' job interviews, a report says
The bank's controversial "diverse slate" policy is being suspended until July, the New York Times r…
Stephen Jones
3 mins read
CEOs are warning of a recession. Here's what they're saying, and their advice on how to prepare.
Business leaders ranging from Elon Musk to David Solomon have begun sounding the alarm bell about a…
Avery Hartmans
2 mins read
Best Buy’s CEO says she isn’t planning for a ‘full recession’ — and she’s not alone
In an earnings call Tuesday, Best Buy CEO Corie Barry said that she is "not planning for a full rec…
Gabrielle Bienasz
2 mins read
Citigroup slashed its Chief Executive Michael Corbat's compensation by over 20% in 2020
The bank adjusted its CEO's compensation based on performance factors, according to a regulatory fi…
Fatma Khaled
2 mins read
Wells Fargo bumped their new CEO's salary 40% - to $23 million - to convince him to join
It's also much more than Wells Fargo's last two CEOs were paid, according to the report. Former CEO…
Carmen Reinicke
1 min read
Wells Fargo jumps as the bank reportedly gets Federal Reserve approval for overhaul plan
Wells Fargo stock climbed after a Bloomberg report the lender is moving closer to the Fed taking aw…
Carla Mozée
2 mins read
Wells Fargo plans to sell its asset management business for over $3 billion after posting 57% drop in 3rd-quarter profit, report says
The US bank has held talks with potential asset management companies and private equity firms, but …
Shalini Nagarajan
2 mins read
Wells Fargo's CEO is planning a major corporate restructure
And he has been busy in that regard, having had to grapple with negative attention from Rep. Katie …
Gregory Magana
2 mins read
Wells Fargo posts earnings miss driven by $1.6 billion expense linked to scandals
Net interest income - the difference between asset-based revenues and the expenses paid for liabili…