The third chief executive of Wells Fargo in four years appeared in front of Congress on Tuesday, saying that there’s much the bank needs to do to fix its cultural problems, and isn’t expecting it to be done until 2021. Charles Scharf took over the troubled bank late last year. Unlike Sloan, Scharf is an outsider, previously holding the jobs of CEO of Bank of New York Mellon and Visa. …read more
Source:: Yahoo Finance
