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 2) during a panel discussion at the Milken Institute Global Conference. Banks are independent enterprises, are highly regulated and are...
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 commerce news. We have deep dives into business-to-business (B2B) payments for business-to-consumer (B2C) merchants, biometrics and Amazon’s “Just Walk Out”...
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 on Capitol Hill about past scandals, the roadmap forward and whether the bank is too big to fail – or...
JPMorgan’s annual Global Technology, Media and Telecom Conference is being held this week, and on Monday (May 23), Visa CEO Charlie Scharf got a chance to present Visa’s point of view on four very strategic aspects of its roadmap: Visa Europe, China, EMV and digital...
December 05, 2023
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 shy of $1 billion for the banking giant’s fourth quarter, CEO Charlie Scharf said Tuesday (Dec. 5) at the Goldman Sachs U.S. Financial Services Conference. “We are continuing to focus on efficiency […]
May 02, 2023
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 2) during a panel discussion...
May 24, 2016
JPMorgan’s annual Global Technology, Media and Telecom Conference is being held this week, and on Monday (May 23), Visa CEO Charlie Scharf got a chance to present Visa’s point of...
May 28, 2015
Addressing the crowd at the Sanford Bernstein Conference yesterday (May 27), Visa CEO Charlie Scharf shared some insight into the two regions of the world that the payments industry has been focused...
