The Latest Breaking News from Charlie Scharf

Wells Fargo stock is down despite reporting better-than-expected second-quarter earnings results. Here’s what you need to know.

CEO Daniel Ek claims that the layoffs posed a “significant challenge” for the company.

Despite stubborn inflation and rising interest rates that pose "salient risks," Jamie Dimon says he's hoping for the best.

The bank has suffered numerous scandals, but this time the call is coming from inside the house (and the accusations are very serious.)

Wells Fargo CEO Charlie Scharf cited his bank's 'transformation journey' as the reason he turned down a pay increase.

The embattled bank is seeking to regain the public's trust -- and savings.

CHARLOTTE, N.C. — Wells Fargo is facing $3.7 billion in fines and restitution after reaching a settlement with federal regulators Tuesday to resolve multiple issues related to auto lending, mortgages and consumer deposit accounts.

The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.

"We are closely monitoring risks related to the continued impact of high inflation and increasing interest rates," said CEO Charlie Scharf.