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Rebuilding Wells Fargo After the Scandal: Inside the Turnaround with Charles Scharf

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Manage episode 521351743 series 3509453
Content provided by The Economic Club of New York. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Economic Club of New York or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of The Forum with CNBC’s Becky Quick, Wells Fargo Chairman and CEO Charles Scharf joins Sara Eisen, Co-Anchor of Squawk on the Street and Money Movers on CNBC, for a candid conversation on leading one of America’s largest banks through crisis, scandal, and transformation.

Drawing from his first years at Wells Fargo, Scharf reflects on taking over the company in 2019 amid the fallout of the fake-accounts scandal, stalled regulatory progress, and an unprecedented Federal Reserve asset cap. He discusses what he discovered when he arrived, why key remediation efforts had to “start from scratch,” and how he approached rebuilding internal controls, operational rigor, and leadership culture across the institution.

Scharf also explains how he navigated complex relationships with regulators, balanced political scrutiny, and undertook a major simplification and cost-reduction strategy that reshaped the bank and strengthened long-term performance. This conversation offers a rare inside look at one of the most challenging corporate turnarounds in modern banking.

Speakers

  • Charles Scharf, Chairman & CEO, Wells Fargo
  • Sara Eisen, Co-Anchor, Squawk on the Street and Money Movers, CNBC

Find us on Instagram, Facebook, LinkedIn, X, and YouTube to catch new episodes, exclusive content, and more. To learn more about the Club, visit our website.

  continue reading

22 episodes

Artwork
iconShare
 
Manage episode 521351743 series 3509453
Content provided by The Economic Club of New York. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Economic Club of New York or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

On this episode of The Forum with CNBC’s Becky Quick, Wells Fargo Chairman and CEO Charles Scharf joins Sara Eisen, Co-Anchor of Squawk on the Street and Money Movers on CNBC, for a candid conversation on leading one of America’s largest banks through crisis, scandal, and transformation.

Drawing from his first years at Wells Fargo, Scharf reflects on taking over the company in 2019 amid the fallout of the fake-accounts scandal, stalled regulatory progress, and an unprecedented Federal Reserve asset cap. He discusses what he discovered when he arrived, why key remediation efforts had to “start from scratch,” and how he approached rebuilding internal controls, operational rigor, and leadership culture across the institution.

Scharf also explains how he navigated complex relationships with regulators, balanced political scrutiny, and undertook a major simplification and cost-reduction strategy that reshaped the bank and strengthened long-term performance. This conversation offers a rare inside look at one of the most challenging corporate turnarounds in modern banking.

Speakers

  • Charles Scharf, Chairman & CEO, Wells Fargo
  • Sara Eisen, Co-Anchor, Squawk on the Street and Money Movers, CNBC

Find us on Instagram, Facebook, LinkedIn, X, and YouTube to catch new episodes, exclusive content, and more. To learn more about the Club, visit our website.

  continue reading

22 episodes

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