12.11.24

Wells Fargo CEO Expresses More Confidence in Regulatory Fixes

by: Lananh Nguyen; Saeed Azhar

Wells Fargo CEO Charlie Scharf expressed confidence in the bank's progress to fix compliance problems after its years-long fake accounts scandal, detailing its efforts to implement risk controls. "For every one of our consent orders that we have, for every one of our regulatory deliverables, we have extremely detailed plans in place that the regulators have reviewed," he told the Goldman Sachs Financial Services Conference.

Read the full article on Reuters