Charles Scharf

Wells Fargo & Co. (NYSE:WFC) CEO Charles Scharf expressed optimism about President-elect Donald Trump‘s return to The White House, citing expectations of business-friendly policies, during the bank’s fourth-quarter earnings call on Wednesday. What Happened: “The U.S. economy...

In a three-hour Senate Banking Committee hearing on Wednesday, US. Sen. Raphael Warnock (D-GA) asked eight CEOs of the biggest banks in the country to raise their hands if they support the SAFER Banking Act. Only Brian Moynihan, CEO and chairman of Bank of America (...

Sen. Elizabeth Warren (D-Mass.) says she wants answers from Wells Fargo & Co (NYSE: WFC) on the Zelle fraud. What Happened: Warren made her comments on Twitter and shared a New York Times article highlighting an “alarming pattern” of Zelle fraud observed by her in data provided by...

Wells Fargo & Co (NYSE: WFC) was featured as the call of the day Wednesday on CNBC's "Fast Money Halftime Report." What Happened: Piper Sandler analyst Scott Siefers upgraded Wells Fargo from a Neutral to an Overweight rating and raised the price target...

Wells Fargo & Co (NYSE: WFC) has been reportedly planning to offload some of its units which are not part of its core U.S. banking franchise. The latest ones to be put up for sale may include its corporate trust unit for proceeds of $1 billion or more as well as its portfolio of...

Wells Fargo & Co. (NYSE: WFC) isn't complying with the various financial settlements it agreed to over the last few years in the fake accounts scandal, the United States House Committee on Financial Services said in a report on Wednesday. Wells Fargo Undermining Regulators The report...

Wells Fargo & Co (NYSE: WFC) said Friday that it's naming Charles Scharf as CEO and president effective Oct. 21. Scharf was previously chairman and CEO of Bank of New York Mellon Corp. (NYSE: BK). The exec has worked more than 24 years in the banking and payments industries....

Shares of Visa Inc (NYSE: V) extended its losses from Thursday as it fell about 4 percent in the pre-market hours after the payments network firm cut its full-year revenue outlook on low cross-border spending. But, a Goldman Sachs analyst suggests that investors should cash in on any weakness in...