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Wells Fargo CEO sees 'more downside' to U.S. economy as lower-income consumers struggle

Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank's data shows that while ...
Financial Planning

Wells Fargo to name Scharf chairman

Wells Fargo announced late Thursday it plans to appoint President and CEO Charlie Scharf chairman of its board of directors and award him a special equity grant of $30 million in restricted share ...
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Wells Fargo CEO apologizes for comments about diversity

NEW YORK (AP) — Wells Fargo CEO Charles Scharf is apologizing for comments he made about the difficulty of finding qualified Black executives. Scharf said in a memo released this week that “there is a ...
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Wells Fargo signals aggressive growth in deposits and loans after asset cap removal while maintaining 2025 net interest income target

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, along with the ...