Fargo Scharf News Today

Shares of large and mid-sized U.S. banks sharply underperformed the broader market on Wednesday with the S&P 500 Banks Index closing down 2.0% while the benchmark S&P 500 Index fell 0.6% with... | June 7, 2023

The top tier of executive compensation in the Triad is no longer exclusive to banks and manufacturers.

The Economic Policy Institute said in an October report that "exorbitant CEO pay is a contributor to rising inequality that we could restrain without doing any damage to the wider

JPMorgan Chase CEO Jamie Dimon expressed even deeper concern Wednesday about the likelihood of an economic downturn than he has in recent months. Wells Fargo CEO Charlie Scharf was less pessimistic, but he still spoke of the “reality that the economy has to slow.”

Paying chief executives $1 million in annual base salary became more passé for corporate America during 2021.

Wells Fargo announced a $20 million donation to the Foundation For The Carolinas. The money will go out as grants to small and minority-owned businesses across Charlotte.

How Black-owned fintechs are closing the racial wealth gap Minority-owned firms have a more challenging road to land funding, without which firms are unable to reach the next level of growth or attract the intellectual capital needed to take on competitors. February 22, 2021 2 MINS Wells Fargo chief executive Charles Scharf created a firestorm on Twitter late last year for blaming diversity issues at his firm on a shortage of minority talent. He later apologized, but the c...