Hints and tips:
...Other former JPMorgan colleagues appointed by Mr Scharf to new roles at Wells Fargo include Scott Powell, chief operating officer; Ray Fischer, who leads Wells Fargo’s card business; and Bill Daley, the...
...“It is insanity,” said Scott Minerd, who oversees $310bn in assets for Guggenheim Partners, a leading investment firm....
...Wells Fargo’s cost cuts Charlie Scharf, Wells Fargo’s boss, has been in the job for a year now, and during that time he has commented repeatedly on his bank’s bloated cost structure....
...“I have known Scott for many years, and his tremendous experience, proven record and unquestioned integrity will make him a great addition,” Mr Scharf said....
...Scott Powell was named chief operating officer, Ray Fischer has been appointed to run the cards business and Bill Daley, the former White House chief of staff, is running public affairs....
...The other JPMorgan alumni Mr Scharf has placed in senior roles are Scott Powell, chief operating officer; Bill Daley, head of public affairs; and Ray Fischer, leader of the credit card unit....
...Scott Siefers, analyst at Piper Sandler, said the cut was “bigger than we expected”. Shares in Wells fell 5.6 per cent in early trading in New York to $23.99....
...Off the catwalk, Scott is also a collector. “I buy work by Kenny Scharf,” he says. “Along with quite a few pieces by the late Ronnie Cutrone.”...
...“At some point you hope management and board turnover is a thing of the past,” said Scott Siefers of Piper Sandler, but “the anger at Wells is still there”, so changes were needed....
...[and] he’s an outsider, which will help with regulators,” said Scott Siefers, analyst at Sandler O’Neill....
...Recently-appointed chief executive Charlie Scharf has recruited Scott Powell, who starts next week. And Deutsche Bank’s top internal dealmaker has quit to join a hedge fund....
...Charles Scharf, chief executive of BNY Mellon and former head of JPMorgan’s retail bank, was also once discussed as a successor to JPMorgan’s CEO Jamie Dimon....
...Bank of New York Mellon has appointed former Visa head Charles Scharf as its new chief executive. Scharf’s appointment is effective immediately....
...Former JPMorgan executives now in prominent roles elsewhere include Frank Bisignano at First Data, Mike Cavanagh at Comcast, Charlie Scharf at Visa, Bill Winters at Standard Chartered and Scott Powell at...
...He has also collaborated with New York pop artist Kenny Scharf....
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