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Barrons.com
Wells Fargo CEO Charlie Scharf Touts the Bank’s Indie Advisor Channel
He also says the bank’s scandals are behind it, putting it in a better position to attract new advisors.
Barrons.com
Wells Fargo’s CEO Wants Bank to Manage Its Expenses Better
Charlie Scharf told business leaders that the bank’s operating committee agrees on the need for more efficiency.
Reuters
Wells Fargo CEO says corporate business, trading held back by asset cap
Wells Fargo CEO Charlie Scharf said on Wednesday that the asset cap imposed on the bank by regulators is curtailing its ability to take in more corporate deposits and expand its trading business. Corporate lending and trading would be growth areas for the lender if the asset cap is lifted, Scharf told investors. The $1.95 trillion asset cap was imposed on the San Francisco-based bank after a fake accounts scandal prompted billions of dollars in fines and regulatory punishments called consent orders.