In a historic moment for the U.S. financial industry, the Federal Reserve said on Tuesday that it lifted the unprecedented growth restriction it imposed on Wells Fargo, the country’s third-largest ...

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 ...

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 ...

"The payments industry is an exciting place to be with both the continued migration across the globe to electronic payments and the development of ground-breaking new technologies," said Scharf ...

Charlie Scharf brings the extensive retail banking experience that Wells Fargo's largest shareholder, Berkshire Hathaway, had been seeking. Wells Fargo's long-awaited CEO announcement Friday ...

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 ...

Scharf’s last two employers, Bank of New York and Visa, are among the holdings in Buffett’s Berkshire Hathaway. Berkshire did not immediately respond to a request for comment on the hiring.

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.

Former Visa boss to take reins following tumultuous period for US lender. ... Charles Scharf, who has led BNY since 2017, will join Wells next month.

Charles Scharf is returning to Wall Street as the new chief executive of Bank of New York Mellon Corp., placing a retail banking veteran in charge of a firm that safeguards trillions of dollars ...