Wells Fargo CEO More Confident in Bank's Compliance Controls

Wells Fargo’s CEO reportedly has more confidence in his bank’s efforts to remedy its compliance issues.Charlie Scharf’s comments, as reported Wednesday (Dec. 11) by Reuters, follow the banking giant’s years-long fake account scandal.“For every one of our consent orders that we have, for every one of our regulatory deliverables, we have extremely detailed plans in place that the regulators have reviewed,” he told the Goldman Sachs Financial Services Conference. “We track our progress at the operating committ ...