Sept 27- Wells Fargo& Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to turn around the fortunes of the scandal-plagued bank, sending its shares up more than 4%. Former CEOs Tim Sloan and John Stumpf resigned amid sales practices scandals that have plagued the bank since 2016..
Sept 27- Wells Fargo& Co on Friday named banking veteran Charles Scharf its next chief executive officer effective next month, ending a six-month search. Scarf, who joins the fourth-largest U.S. bank after a 2- year stint leading Bank of New York Mellon, will become Wells Fargo's third CEO in as many years. Former CEOs Tim Sloan and John Stumpf resigned amid sales...
May 6- Buffett says apple inc, a major holding of his company berkshire hathaway, has done' terrific' job buying back its own stock; says ceo tim cook has' done that aggressively when the price is right' Buffett says berkshire, which bought back $1.7 bln of its own stock in q1, still prefers buying whole businesses Warren buffett says' united states is going to grow over...
Sen. Elizabeth Warren on Thursday sent a letter to Federal Reserve Chairman Jerome Powell calling on the Fed to maintain its growth cap on Wells Fargo until the bank replaces CEO Tim Sloan.
Federal regulators are poised to impose a $1 billion penalty on Wells Fargo for a variety of alleged misdeeds, the New York Times reports.
"Wells Fargo's substantial underperformance has created a buying opportunity," analyst Saul Martinez says.
Scott Siefers, Sandler O'Neill bank analyst, breaks down Wells Fargo's quarterly numbers and provides his outlook on the big bank.
Wells Fargo has rehired more than one-third of the employees it axed in the wake of the bank's fake accounts scandal, CEO Timothy Sloan said.
Warren Buffett, Berkshire Hathaway chairman and CEO, weighs in on the Wells Fargo scandal.
The "Squawk on the Street" crew weighs in on Sen. Elizabeth Warren's call to oust Wells Fargo directors.
But the Berkshire Hathaway CEO tells CNBC the fundamental earning power of the bank has not been hurt.
CNBC's Leslie Picker reports on what to expect when Wells Fargo board members meet today in Ponte Vedra Beach, Florida.
The bank's shares were down more than 2 percent in premarket trading following the bank's announcement.
An internal report released on Monday suggests there were red flags directors should have focused on earlier, reports Breakingviews.
Wells Fargo's last CEO may have mishandled the cross-selling scandal, but investors did well during his tenure, company CEO Sanger said.
Wells Fargo's independent directors have decided to initiate corporate pay clawbacks that total some of the largest in history.
CNBC's Wilfred Frost reports on the much anticipated report on Wells Fargo's sales practices investigation.
More Wells Fargo customers may have been impacted by a sales scandal than believed before, a new filing has revealed.
Warren Buffett talks about the "huge mistake" Wells Fargo made by not addressing the incentive program as soon as they knew about it.
Wells Fargo CEO Tim Sloan lays out the five ways that technology is altering the face of financial services.