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CEO and president, Wells Fargo. Predecessor. C. Allen Parker. Spouse. Amy Scharf. Charles W. Scharf (born April 24, 1965) [1] is an American investment banker and business executive who is the chief executive officer and president of Wells Fargo. He was previously the CEO of Visa Inc. [2] and BNY Mellon. [3] [4]
History Early history Share of the American Express Company, 1865. In 1850, American Express was started as a freight forwarding company in Buffalo, New York. It was founded as a joint-stock corporation by the merger of the cash-in-transit companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company ...
Carrie L. Tolstedt is an ousted American banking executive and former head of the community banking division at Wells Fargo, [1] from which she retired in 2016 before the company's account fraud scandal came to light. In 2017, Wells Fargo retroactively fired Tolstedt for cause. In 2023, she would plead guilty to obstructing a bank examination.
The scandal also toppled former Chief Executive John Stumpf, who in 2020 paid a $17.5 million civil fine and accepted a lifetime industry ban, and led the Federal Reserve in 2018 to cap Wells ...
Jefferies Group LLC is an American multinational independent investment bank and financial services company that is headquartered in New York City. The firm provides clients with capital markets and financial advisory services, institutional brokerage, securities research, and asset management. This includes mergers and acquisitions ...
Talks between Wells Fargo and First Interstate then led within days to a merger agreement for $11.3 billion in stock. Wells Fargo completed the acquisition on April 1, 1996 and announced the elimination of 7,200 jobs. First Interstate Bancorp's stock was traded on the New York Stock Exchange under the stock symbol "I".
Wells Fargo also calculated that a similar period of dollar strength from 2014 to 2015 saw travel imports (Americans vacationing abroad) grow by about $1.1 billion, while travel exports ...
Richard Marco Kovacevich (born October 30, 1943) is an American business executive and the former CEO of Wells Fargo & Company. Early life and education [ edit ] A native of Tacoma, Washington , he grew up in Enumclaw, Washington , a lumber town about 30 miles southeast of Seattle, where his father (of Croatian origin) worked in the sawmill.