https://www.bankingdive.com/news/fed-terminates-2-wells-fargo-consent-orders-mortgage-scharf/739184/
7 replies (most recent on top)
@h9+1jk9hhzq0, so you are saying Elizabeth Warren created fake customer accounts. Maybe she caused covid too.
Sigh
Carrie T should have been in prison.
Shart didn't do Jack or S. WE did. Executives sc--wed up, and the real workers eventually fixed their sc--w up. Any other narrative is BS.
Don't get why troll is downvoting the fact that these were ancient consent orders.
At this rate, Charlie might get the asset cap lifted by the time he retires. At least he's faster than Trump's deportation plan that will take 15,000 years to deport 11 million people.
Consent order from 2011, wow only 14 years… Charlie in charge for just over 5, do the math, he’s a genius in the banking world [just ignore the other 50]
Its about darned time
The bank’s board of directors, in a securities filing last week, credited Scharf’s leadership for, among other things, making “significant progress in strengthening” Wells’ risk and control infrastructure, which, it added, “remains the Company’s number-one priority.”
In the same filing, the bank disclosed that Scharf’s pay increased to $31.2 million in 2024.