BNY Mellon

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Wells Fargo taps BNY Mellon’s Scharf as new CEO

Sep 27, 2019By

Wells Fargo, the nation’s largest bank lender, picked Charles Scharf, the chairman and CEO of Bank of New York Mellon, as its new chief executive after a six-month search. The San Francisco-based bank was under pressure from Congress and regulators to find an outside executive to address “its inability to execute effective corporate governance,” per the OCC.

3d rendering of a row of luxury townhouses along a street

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