Wells Fargo grabs Scharf as CEO

摘要

WELLS FARGO named banking veteran Charles Scharf as chief executive officer on Friday, the US bank's third CEO since a wide-ranging sales scandal erupted three years ago. Scharf will take over from interim CEO Allen Parker, who was thrust into the position in March when former CEO Tim Sloan resigned abruptly. Sloan had said increased pressure from politicians and regulators had become a distraction in running the scandal-plagued bank. Scharf will take charge at a time when the bank is under a regulatory microscope and is working at rebuilding its tarnished reputation following the scandal.