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The Latest Breaking News from Charlie Scharf

Wells Fargo Sets Sights on Expansion: What the End of Constraints Means for Its Business Strategy

Wells Fargo is no longer under the Fed's asset cap. Here's how it plans to grow, where it might invest, and what this means for US banking competition.

International Business Times UK

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture

The Independent UK

As JPMorgan, Wells Fargo and Morgan Stanley beat Q1 expectations, Jamie Dimon says he cares less about the U.S. economy than that the “Western world stays together economically”

As JPMorgan, Wells Fargo and Morgan Stanley beat Q1 expectations, Jamie Dimon says he cares less about the U.S. economy than that the “Western world stays together economically”

Mostly positive bank earnings were clouded by the chaotic start to Q2 and the murky economic outlook.

From analysis to the latest developments in health,
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Wells Fargo Is A Buy On This Fed Catalyst: Analyst

Wells Fargo may see a big acceleration in growth once the Federal Reserve removes the growth shackles it put on in 2018.

Investors Business Daily

Wells Fargo Stock Falls Despite Q2 Beat: Buy, Sell or Hold?

Wells Fargo stock is down despite reporting better-than-expected second-quarter earnings results. Here’s what you need to know.

Earnings season kicks off with a stark warning from JPMorgan CEO Jamie Dimon

JPMorgan Chase, Citigroup, and Wells Fargo turned in strong results for the third quarter, but geopolitics is now top of mind.

Office real estate values are moving down so fast that banking giants like Wells Fargo are already bracing for losses

Wells Fargo CEO Charlie Scharf: "we are reserving for the weakness that we expect to play out in that market over time."

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Bank Stocks: Earnings Largely Positive, Except For This Red Flag

Bank Stocks: Earnings Largely Positive, Except For This Red Flag

Bank stocks have gained on largely positive earnings results. But firms are bracing for hits from commercial real estate and other losses.

Investors Business Daily

Jamie Dimon leads big banks’ earnings triumph: The economy remains ‘resilient,' but a ‘soft landing’ isn’t guaranteed

Jamie Dimon leads big banks’ earnings triumph: The economy remains ‘resilient,' but a ‘soft landing’ isn’t guaranteed

Despite stubborn inflation and rising interest rates that pose "salient risks," Jamie Dimon says he's hoping for the best.

Wells Fargo to pay $3.7 billion in penalties, restitution over ‘widespread mismanagement’

CHARLOTTE, N.C. — Wells Fargo is facing $3.7 billion in fines and restitution after reaching a settlement with federal regulators Tuesday to resolve multiple issues related to auto lending, mortgages and consumer deposit accounts.

Tribune News Service

Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars

The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.

Stock Market Gains Sharply On Retail Numbers; Financials Lead

Stock Market Gains Sharply On Retail Numbers; Financials Lead

The stock market gained sharply on higher-than-expected retail numbers, led by bank stocks like Citigroup and Wells Fargo.

Investors Business Daily

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