The Federal Reserve is loosening a major restriction on the growth of Wells Fargo that was put in place following a fake accounts scandal nearly a decade ago, a major victory for CEO Charlie Scharf.

Wells Fargo CEO Charles Scharf joins CNBC's 'Squawk on the Street' to discuss the San Francisco-based lender's response to the Federal Reserve lifting the $1.9 trillion asset cap imposed in 2018, the ...

Charles Scharf, a longtime banker and the current chief executive at BNY Mellon, will take over the scandal-plagued bank. Skip to content Skip to site index.

Wells Fargo CEO Charles Scharf was in Phoenix on Friday and in an exclusive interview he spoke to the Business Journal about the bank's role in pandemic recovery, the path ahead on regulatory ...

Wells Fargo recruited Scharf away from Bank of New York Mellon, where he had been CEO since July 2017 and chairman since early 2018. Bank of New York named Todd Gibbons , a 30-year veteran of the ...

Senator Sherrod Brown of Ohio, the chairman of the chamber’s Banking Committee, rebuked Charles W. Scharf for the bank’s continued problems. By Emily Flitter Page 1 of 2 ...

Wells Fargo CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the coming year. “We’re looking at something like ...

Charles Scharf was brought to run Wells Fargo in October Photo: Kyle Grillot/Bloomberg News. Wells Fargo WFC 3.09 % increase; green up pointing triangle & Co. is overhauling its reporting lines, ...

Wells Fargo & Co. is still mired in consent orders and legal actions more than four years after the infamous fake-accounts scandal. The work to correct these issues is far from finished.

Charles Scharf, who joined BNY Mellon in July, has laid off staff, consolidated office space and overhauled executive pay as part of broad overhaul. His challenge is to kick-start the bank that ...

Wells Fargo CEO and President Charles W. Scharf speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U ...