News, Vision & Voice for the Advisory Community


Charlie Scharf rides roughshod over genteel 'Abbot Downing' brand, ditching stagecoach era throwback, amid rampant cost-cutting to restore profits and bank's good name

Installed to be an unsentimental turaround artist, the Wells Fargo CEO is looking to finally shed the taint of an accounting scandal and shake off a punishing fed asset cap.

Author Oisin Breen March 19, 2021 at 8:03 PM
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Charles Scharf: Our efficiency ratio is not competitive.

Related Moves

In RIA custody milieu, Charlie Scharf's BNY Mellon exit for Wells Fargo is latest unforeseen vapor trail after Lisa Dolly, Tim Hockey, Terri Kallsen, Andy Gill and others fade into the firmament

The CEO-for-rent will face a monumental challenge turning around Wells Fargo, but perhaps not as bleak a landscape for profit margins; Is the RIA free ride coming to an end?

October 1, 2019 at 1:06 AM

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