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NEW YORK (Reuters) -When Charlie Scharf took over as Wells Fargo CEO nearly six years ago, he said its culture was broken. On Tuesday, the Fed said the bank's problems were mostly fixed as it ...

How Charlie Scharf got Wells Fargo out of the penalty box Stock Markets Published 06/03/2025, 07:23 PM Updated 06/04/2025, 06:31 AM ...

Scharf, 47, managing director of JPMorgan's private investment unit, One Equity Partners, is no stranger to Visa, having served on its board from 2003 to 2011.

Wells Fargo 's long-awaited CEO announcement Friday, naming former Visa CEO Charlie Scharf to lead the bank’s turnaround effort, drew generally favorable reactions from Wall Street.

Wells Fargo named banking veteran Charles Scharf as chief executive officer on Friday, the lender’s third CEO since a wide-ranging sales scandal erupted three years ago. Scharf will take over ...

He served as Visa’s CEO for four years until December 2016, when he resigned due to concerns about spending time away from his family in New York. Scharf also had stints on Wall Street.

Wells Fargo has named Charles Scharf to be its next CEO, placing an experienced bank executive at the top of the troubled company. In the payments world, Scharf is best known as the CEO of Visa Inc.

Prior to his role at BNY Mellon, Charlie was CEO of Visa, Inc. Before joining Visa, Scharf was managing director of One Equity Partners, the private investment arm of JP Morgan Chase & Co.

Wells Fargo named Charles Scharf its third CEO in as many years as it tries to move past a series of scandals. He gets a 40% pay hike and will work from New York.

Mr Scharf’s total pay package at BNY Mellon was $9m in 2018 and $17m the year before. He will receive $26m, paid in Wells Fargo share rights, over five years to compensate him for the loss of ...

Scharf (pictured right) joins BNY Mellon after most recently serving as CEO of Visa from October 2012 through December 2016. Prior to joining Visa, Scharf had a lengthy career in the banking business.