Topic - Charles Scharf

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Wells Fargo CEO Charles Scharf, who took over the bank in October, was grilled by the House Financial Services Committee over the bank's practices of opening phony accounts in customers' names that came to light in 2016. (Associated Press)

House Democrats grill Wells Fargo CEO Charles Scharf on 2016 massive fraud scheme, business practice

By James Varney - The Washington Times

FILE - In this April 10, 2019 file photo, Bank of New York Mellon chairman and CEO Charles Scharf, left, testifies before the House Financial Services Committee during a hearing on Capitol Hill in Washington. Wells Fargo is naming Scharf to lead the bank which has been plagued by scandal in recent years. The San Francisco bank said Friday, Sept. 27, that Scharf will take over for C. Allen Parker, who has led Wells Fargo since March when its second CEO stepped down. (AP Photo/Patrick Semansky, File)

Wells Fargo hires New York Mellon’s Scharf as its new CEO

By KEN SWEET and MICHELLE CHAPMAN - Associated Press