Wells Fargo on Tuesday announced that it has appointed its CEO, Charlie Scharf, as Chairman of the Board after reporting a 17% increase in diluted earnings per share (EPS) in the third quarter (Q3).

Wells Fargo CEO Charlie Scharf said he expects more workforce cuts and higher severance payouts in the fourth quarter during Tuesday’s Goldman Sachs Financial Services Conference in New York City.

The Wells Fargo Board of Directors plans to name CEO and President Charlie Scharf chairman of the board, a move that it said signaled approval of his leadership in the company’s transformation. Scharf ...

The consumer continues to spend and delinquencies have probably fared "marginally better" than the last time he spoke publicly about the bank's outlook Wells Fargo Chairman and CEO Charlie Scharf said ...