The bank has been under scrutiny since employees opened millions of fake accounts.
A lawmaker is pressing the bank to release details about what could be its next big scandal.
Wells Fargo & Co (WFC.N) said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.
The company has donated $170 million to veteran and military-related organizations since 2012.
"It is extraordinarily generous for investors to step in and help adult family members with this level of support, but there is a risk if they are not doing so from a position of strength," the regional president of Wells Fargo Advisors' Northern Region Mary Sumners said.
The regional president of Wells Fargo Advisors' Northern Region Mary Sumners shared her retirement savings tips with FOX Business.
Wells Fargo's new CEO will need to mend fences in Washington.
He will replace interim CEO C. Allen Parker, who will remain in the role until Scharf takes over.
Citigroup reported results on Monday, while JPMorgan Chase and Wells Fargo follow on Tuesday.
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Bank investors are looking at a new round of dividend windfalls thanks to the Fed.
Wells Fargo announced Wednesday it was pledging $1 billion through 2025 dedicated to the affordable housing initiatives as part of the embattled lender’s goal to dedicate 2 percent of its after-tax profits to philanthropy.
Trading volumes are down, as U.S. Treasury notes hit a 20-month low.
Otting said his agency will vet the bank's CEO candidates.
The traditionally Wall Street-focused investment bank is pivoting to the consumer market.
The troubled lender is conducting a high-profile search for its next CEO.
Revenue in the lender's three main divisions all fell in 2018.
The hearing is the first with CEOs of the largest U.S. banks in a decade.
Buffett says a Wall Street executive would draw congressional ire.
The JPMorgan Chase CEO has trained many of the industry's next generation of leaders.