Latest Charles Scharf News

US eases restrictions on Wells Fargo after years of strict oversight following scandal

Feb. 15, 2024 20:35 PM EST

NEW YORK (AP) — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals. The news sent Wells Fargo's stock up sharply Thursday as investors speculated that the bank,...