charlie scharf

Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
Wells Fargo: Rate Cut Should Ease Pressure on Lower-Income Consumers
October 11, 2024  |  Economy

Lower inflation and interest rates may give some relief to consumers who need it most, Wells Fargo CEO Charlie Scharf said Friday (Oct. 11). Speaking...

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Regulatory Backlash Against Chatbots Comes as Banks Find Value in Their Use
Regulatory Backlash Against Chatbots Comes as Banks Find Value in Their Use
August 14, 2024  |  artificial intelligence

For banks, the chatbot is a tool that’s being retooled, a work in progress. The progress is being hastened by artificial intelligence (AI), where the...

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Wells Fargo Won’t Renew Naming Rights on Philadelphia Sports Arena
Wells Fargo Won’t Renew Naming Rights on Philadelphia Sports Arena
July 24, 2024  |  Banking

The Wells Fargo Center sports arena in Philadelphia will have a new name late next year. The bank’s naming rights contract with the arena expires...

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Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
Wells Fargo Job Cuts Could Cost Bank Nearly $1 Billion
December 05, 2023  |  Banking

Wells Fargo will reportedly incur greater-than-expected expenses from severances tied to recent job cuts. The price tag for those layoffs could come to between $750 million and just...

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Wells Fargo CEO Says Deposit Insurance Shouldn’t Go Too Far
Wells Fargo CEO Says Deposit Insurance Shouldn’t Go Too Far
May 02, 2023  |  Banking

Raising the level of deposit insurance for banks should not go too far. So said Wells Fargo CEO and President Charlie Scharf on Tuesday (May...

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B2B Payments, Biometrics, Amazon Go Tech Top This Week’s News
B2B Payments, Biometrics, Amazon Go Tech Top This Week’s News
March 13, 2020  |  The Weekender

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Lawmakers Grill Wells CEO On Account Scandals
Lawmakers Grill Wells CEO On Account Scandals
March 10, 2020  |  Regulation

Just a bit more than four months into his tenure at the helm of Wells Fargo, new CEO Charlie Scharf faced pointed questioning from lawmakers...

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