Charlie Scharf rides roughshod over genteel 'Abbot Downing' brand, ditching stagecoach era throwback, amid rampant cost-cutting to restore profits and bank's good name
Installed to be an unsentimental turaround artist, the Wells Fargo CEO is looking to finally shed the taint of an accounting scandal and shake off a punishing fed asset cap.
Author Oisin Breen March 19, 2021 at 8:03 PM
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In RIA custody milieu, Charlie Scharf's BNY Mellon exit for Wells Fargo is latest unforeseen vapor trail after Lisa Dolly, Tim Hockey, Terri Kallsen, Andy Gill and others fade into the firmament
The CEO-for-rent will face a monumental challenge turning around Wells Fargo, but perhaps not as bleak a landscape for profit margins; Is the RIA free ride coming to an end?
