Wells Fargo declined to comment on the search process. Wells Fargo is also the smallest of the top four retail banks by assets. The board will likely pay the next CEO $15 million- $20 million a year, said Robin Ferracone, the chief executive of compensation consultancy Farient Advisors LLC.
BEVERLY HILLS, Calif., April 29- International Monetary Fund Managing Director Christine Lagarde said on Monday she expects the United States and China to reach a deal to end their trade dispute, which has unnerved financial markets and cast a shadow over the global economy. Treasury Secretary Steven Mnuchin was scheduled to speak at the conference on Monday...
Billionaire Steve Schwarzman also advocates for more technical training for people who didn't go to college.
The S&P 500's roughly 16% rise in 2019 is "not nothing," the billionaire co-founder of Blackstone Group says.
April 3- Blackstone Group LP, the world largest alternative asset manager, has raised over $22 billion for its latest buyout fund, setting it on course to be the private equity industry's biggest ever, a person familiar with the matter said on Wednesday. New York- based Blackstone, led by co-founder Stephen Schwarzman, expects to conclude the fundraising for what...
Economic growth may be slowing, but we are not on the verge of a recession, Blackstone Chairman and CEO Steve Schwarzman says.
Blackstone chief executive and co-founder Steve Schwarzman believes that when it comes to businesses optimizing their performance: "Information is power."
Bank of America CEO Brian Moynihan and Blackstone CEO Stephen Schwarzman speak with CNBC's Andrew Ross Sorkin about what's next for markets.
The IMF's Christine Lagarde had been scheduled to attend an investing event in Saudi Arabia which has seen mounting cancellations since the disappearance of Washington Post columnist Jamal Khashoggi.
Google Cloud CEO Diane Greene is the latest Silicon Valley leader to drop out of the high-profile Saudi Arabian conference dubbed "Davos in the Desert."
Financial markets signal that the torrent of American CEOs pulling out next week's Saudi investment conference is not a great concern, the Allianz economist says.
J.P. Morgan Chase CEO Jamie Dimon, BlackRock CEO Larry Fink, Blackstone CEO Stephen Schwarzman and now Mastercard CEO Ajay Banga will not be attending an investment conference in Saudi Arabia later this month, CNBC has learned.
Beijing long turned to big banks to help get its way in Washington, but the old back channels have proven ineffective when it comes to trade tensions.
China will ask Wall Street firms for ways to improve ties with the U.S. and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday.
Washington's proposed tariffs on Chinese products could be delayed, said Blackstone Group CEO Stephen Schwarzman, who has been called the president's "China whisperer."
Blackstone co-founder Steve Schwarzman says, "I was asked. That's always the way something happens."
Stephen Schwarzman, Blackstone chairman and CEO, talks markets with CNBC’s “Squawk Box.”
Schwarzman encourages investors not to lose sight of the big picture. "Markets get ahead of things and markets get behind things."
Stephen Schwarzman, Blackstone chairman and CEO, talks about why he gave a $25 million donation to his suburban public high school, and the need to prepare students for the workplace of the future.
Crown Prince Mohammed bin Salman will seek to explain Saudi Arabia's recent anti-corruption drive during a U.S. visit, analysts say.