Wells Fargo

Wells Fargo CEO apologizes for saying Black talent pool is 'very limited'

Wells Fargo CEO Charlie Scharf apologized Wednesday after saying the financial services industry has “limited” Black talent to choose from when hiring senior management, reiterating his commitment to improving diversity amid a national reckoning on racial injustice sparked by the death of George Floyd.

Warren Buffett sheds big stakes in banks and goes for the gold

Warren Buffett's Berkshire Hathaway Inc. (BRKA)(BRKA) unloaded a more than a quarter of its stake in Wells Fargo & Co. (WFC) and about 61% of its position in JPMorgan Chase (JPM), while acquiring a new position in Barrick Gold Corp. (ABX.T), according to 13-F filings with the Securities and Exchange Commission for the period ended Jun 30, that were released Friday afternoon.

Wells Fargo appoints Mike Santomassimo CFO

Wells Fargo & Co said on Tuesday Mike Santomassimo will replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm.