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The Latest Breaking News from Charles Scharf

Why a modest US interest rate rise won’t change much for most businesses

Rates may rise, but don’t be too concerned – a small increase is unlikely to change major decisions on investment or hiring

The Guardian - US · Jul 19

Wells Fargo CEO says Trump administration ‘gives us optimism’ for 2025: ‘We succeed when the country succeeds’

The Wells Fargo CEO said the incoming administration signaled a "more business-friendly approach to policies and regulations."

Fortune · Jan 17, 2025

‘We’re not backing down’: Wells Fargo workers push to grow union campaign

Four branches of the bank in New Mexico, Alaska, California and Florida have filed for union elections since November

The Guardian - US · Dec 20, 2023

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'Every day is another challenge': Wells Fargo vice chair of public affairs says the bank is still on its journey to rebuilding trust

Wells Fargo is still dogged by its 2016 'fake accounts' scandal, and each day is a chance to either rebuild or lose more trust.

Fortune · Aug 25, 2023

Republicans ride ESG backlash to state financial offices

WASHINGTON — Republicans picked up state financial officer positions during the midterm elections amid a campaign against environmental, social and governance investing.

Tribune News Service · Nov 17, 2022

Republicans ride ESG backlash to state financial offices - Roll Call

Republican candidates flipped five state offices that manage investments in a backlash against using ESG factors in investment decisions.

Roll Call · Nov 17, 2022

Elizabeth Warren Demands Answers From Wells Fargo On 'Alarming Pattern' Of Zelle Fraud

Sen. Elizabeth Warren (D-Mass.) says she wants answers from Wells Fargo & Co (NYSE: WFC) on the Zelle fraud.

Benzinga · Oct 14, 2022

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Bank executives warn lawmakers of lending risk among nonbanks - Roll Call

Bank executives warned House lawmakers that the biggest lenders in the mortgage market are nonbanks that face fewer capital requirements.

Roll Call · Sep 21, 2022

Senator Sherrod Brown Asks Wells Fargo To Right Past Wrongs

Sen. Sherrod Brown, Chair of the Senate Committee on Banking, Housing, and Urban Affairs, has asked Wells Fargo & Co (NYSE:WFC) to stop its mismanagement practices. In an open letter to CEO Charles Scharf, the senator urged the company to right past wrongs. "Recent revelations of racial disparities in mortgage lending, fake…

Benzinga · Jun 1, 2022

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