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2025-05-29 20:24:32
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finance.yahoo.com on Nostr: finance.yahoo.com ✍️ Wells Fargo CEO Charlie Scharf expressed confidence that the ...



✍️ Wells Fargo CEO Charlie Scharf expressed confidence that the bank is close to being freed from its $1.95 trillion asset cap, which has been in place for seven years.
👉 Wells Fargo CEO Charlie Scharf expressed confidence that the bank is close to being freed from its $1.95 trillion asset cap
👉 The bank has been working to overhaul its risk management and internal controls to satisfy regulatory orders
👉 Wells Fargo has spent about $2 billion annually on its risk and control agenda
👉 The bank is preparing to focus on growth in its retail deposits business
👉 Primary checking account growth is a key focus area
👉 Compensation plans and reporting are being changed to achieve growth goals

#CharlieScharf #SanFrancisco #business

https://s.yimg.com/ny/api/res/1.2/.9CDKEuu3NFH2Gww4sORaw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/banking_dive_717/c52e623fc2b843da340c00bbfe81fa76

https://finance.yahoo.com/news/wells-fargo-scharf-assured-over-120010975.html

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