The Latest Breaking News from Charlie Scharf

Charlie Scharf rebuilt a broken bank using clear accountability and a refusal to chase flash over fundamentals.

Regulators were circling. The stock was sinking. This is the inside story of how Scharf took the toughest job on Wall Street, and got a legendary corporation back on track.

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

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

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

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.

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.

NEW YORK: Wells Fargo Co agreed to a $3.7 billion settlement with the Consumer Financial Protection Bureau to settle a variety of allegations of mistreating customers, including a $1.7 billion fine that’s the biggest in CFPB history.