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4 mins read
Wells Fargo is undergoing a major transformation under CEO Charlie Scharf. Here are the business lines that are most affected.
Insider has compiled everything you need to know about Wells Fargo under Scharf, including mortgage…
Business Insider
4 mins read
Wells Fargo is undergoing a major transformation under CEO Charlie Scharf. But controversies and layoffs continue to dog the bank.
Insider has complied everything you need to know about Scharf's efforts to remake the Wells Fargo, …
Business Insider
1 min read
How Wells Fargo CEO Charlie Scharf overhauled the bank's leadership
See our exclusive graphics mapping out Wells Fargo's new leadership, which CEO Charlie Scharf overh…
Rebecca Ungarino,Carter Johns…
2 mins read
Wells Fargo was fined $250 million by federal regulators, while it says a separate 2016 CFPB consent order has expired
Wells Fargo CEO Charlie Scharf has been on a mission to reshape the bank since joining in 2019.
Carter Johnson
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
People are calling for a boycott of Wells Fargo after CEO blames 'very limited pool of Black talent' for the bank's trouble hitting its diverse hiring goals
"I just closed it during my lunch break," wrote startup CEO Jasmine Brown. "I'm so done with compan…
Isabella Jibilian
2 mins read
Elizabeth Warren, AOC blast Wells Fargo CEO for blaming 'very limited pool of Black talent' for the bank's trouble hitting its diversity-hiring goals
"Its CEO has an unfathomable blind spot," Warren said, adding Wells Fargo is "part of a financial s…
Isabella Jibilian
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
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
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
1 min read
Banks are bracing for losses on office loans and pulling back on lending for 2 good reasons, warns Wells Fargo CEO
Charlie Scharf told a conference in New York that some lenders were just being "more conservative" …
Zahra Tayeb
2 mins read
Wells Fargo is stepping back from mortgages after the Fed's rate hikes helped crater the US housing market
The US bank will now offer home loans only to existing customers and minority communities, after mo…
George Glover
5 mins read
Wells Fargo faces another setback with $1.7 billion penalty
The bank has been ordered to pay billions in fines to settle investigations stemming from its treat…
Dan DeFrancesco
1 min read
The Fed will face an extremely difficult challenge to steer the economy to a soft landing, says Wells Fargo CEO
"The scenario of a soft landing is … extremely difficult to achieve in the environment that we're i…
Phil Rosen
2 mins read
Ex-Wells Fargo exec says the company held 'fake interviews' with women and people of color for jobs already filled to inflate its diversity efforts
Three current Wells Fargo employees told The New York Times that the fake job interviews had been c…
Avery Hartmans
3 mins read
How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded
Since Wells Fargo folded Abbot Downing in late 2020, advisors to the bank's richest clients have le…
Hayley Cuccinello
5 mins read
Wall Street succession plans: The case for why all 6 big banks could consider a leadership change this year
Either by choice or by force, we could see a top US bank replace its CEO this year. Here's why each…
Dan DeFrancesco
5 mins read
Insider Today: Big banks are screwed
Citigroup's massive reorg highlights the threat big banks are under. Google is cutting more jobs, a…
Dan DeFrancesco
3 mins read
Millennium's new Miami-based engineering program is the latest shot in hedge fund's war for young tech talent
Large multi-strat hedge funds are growing at a rapid clip, and they need plenty of engineers to hel…