Hints and tips:
...JPMorgan Chase chief executive Jamie Dimon was paid $34.5mn in 2022, unchanged from the prior year, while Wells Fargo CEO Charlie Scharf’s pay was also flat at $24.5mn....
...“I think we understand the intricate interconnectedness of the global supply chain and in ways that . . . people more broadly probably don’t,” Scharf said....
...Additional reporting by Robert Armstrong in New York and Kiran Stacey and James Politi in Washington...
...The three bankers were joined before the Senate banking committee by fellow chief executives Jamie Dimon of JPMorgan Chase, David Solomon of Goldman Sachs and James Gorman of Morgan Stanley....
...Among others, there’s Jes Staley, the CEO of Barclays; Charlie Scharf, the CEO of Wells Fargo; Bill Winters, the CEO of Standard Chartered Bank; and Seth Bernstein, the CEO of AllianceBernstein....
...The role eventually went to another JPMorgan veteran, Charles Scharf....
...Kyle Sanders, an analyst at Raymond James, said Wells Fargo’s efficiency drive “would represent a 14 per cent reduction from 2020 expense levels, which could provide a meaningful lift to long-term profitability...
...The remarks by Bank of America’s Brian Moynihan, Citigroup’s Jane Fraser and Wells Fargo’s Charles Scharf came as US financial regulators scramble to respond to the explosive growth of a crypto market that...
...“Returning capital to shareholders remains a priority,” said chief executive Charles Scharf, adding that the bank expects to have “modest capital distribution capacity in the first quarter”....
...“It wouldn’t surprise me that people will continue to be surprised by the (economic) numbers,” Mr Scharf said....
...Audit committee head James Quigley, a former Deloitte executive, joined the board in 2013....
...“The CCAR [stress test] 2020 results affirm our strong capital position and reflect the stability of our business model,” said James Gorman, Morgan Stanley’s chief executive, outlining plans to continue...
...The problem — to paraphrase NBA basketball player LeBron James — is that talent can always go elsewhere....
...Wells Fargo, on the other hand, may be glad that Dimon dominated headlines as high expenses dragged on its earnings, leaving some serious work ahead for its new chief executive Charlie Scharf....
...Job moves BNY Mellon has appointed Todd Gibbons as its chief executive, elevating him from interim CEO, after a six month search for a successor to Charlie Scharf who left to run Wells Fargo....
...(FT) Death of a secret tipster James Harris was a middleman, trafficking in information for a slice of future profits in a two-continent network that included insider traders....
...Wells Fargo’s new chief executive, Charlie Scharf, has hired a fourth former JPMorgan Chase banker to a senior executive role at the San Francisco-based bank....
...James Ruane, who has overseen Deutsche Bank’s internal merger and acquisition activity, is joining hedge fund Bayview International as head of European special situations....
...The two executives were due to appear with Wells chief executive Charlie Scharf to give account of the bank’s progress in addressing the governance and control problems revealed by the 2016 fake accounts...
...Job moves Wells Fargo has named Charles Scharf, the Bank of New York Mellon boss, as its new chief executive....
...Another board member, James Crown, has an even bigger stake in JPMorgan, worth $1.4bn....
...Bank of New York Mellon has appointed former Visa head Charles Scharf as its new chief executive. Scharf’s appointment is effective immediately....
...“This combination strengthens our payments system in Europe, as together we have even greater financial resources to invest in technology assets,” said Charlie Scharf, chief executive of Visa....
...In February, Charlie Scharf, chief executive of Visa, was asked about the likelihood of a deal. “I have no idea,” he said....
...Mr Corbat and Mr Blankfein are listed as confirmed participants along with others including James Gorman, chief executive of Morgan Stanley, and Indra Nooyi, chief executive of PepsiCo....
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