Key Words Wells Fargo CEO Charles Scharf: ‘Real-estate values moderating in the long term are a good thing’ Scharf said his company was experiencing a ‘huge decline’ in mortgage applications ...

Some top executives at Wall Street banks have been showing concern about higher inflation and potential deterioration of the ...

The bank’s financial report revealed that Wells Fargo’s total allowance for credit losses (ACL) increased modestly by $16 ...

Second quarter results from the first round of major banks show the US consumer is largely managing to stay resilient against ...

America's big banks sounded a positive note about their businesses Tuesday, striking a theme of resilience despite tariffs ...

In addition to custody, BNY Mellon has a strong market position in a variety of businesses such as ADR servicing and mutual fund subaccounting, and it is the only clearer of tri-party repos. Its ...

JPMorgan’s chief, Jamie Dimon, lauded the “resilient” U.S. economy as his bank reported bumper quarterly earnings.

Q2 2025 Management View CEO Charles W. Scharf highlighted the removal of the asset cap as a pivotal milestone, stating, "The lifting of the asset cap marks a pivotal milestone in our transformation, ...

The bank reportedly pulled the plug early after losing tens of millions on the rental credit card venture, which is moving to ...

News about Charles W. Scharf. Commentary and archival information about Charles W. Scharf from The New York Times.

Charles Scharf, a former head of retail banking at JPMorgan Chase, takes the reins of the Bay Area company next week, succeeding Joseph Saunders, who is retiring after five years at the top.