"Charlotte is incredibly important. We have more people in Charlotte than any other city in the country. It's a great place for talent. We have a huge technology footprint. We have a huge risk management footprint. We have a lot of operations folks. But we also have finance marketing, a little bit of every discipline that's here. We have significant corporate investment banking presence, with two trading floors at our other building down the block. And people love being here."
"He was there to talk jobs, AI and what comes next for the bank. It's been five months since federal regulators lifted Wells Fargo's $1.95 trillion asset cap that handcuffed the bank's growth as punishment for its widespread sales account scandal exposed in 2016. Scharf, hired as CEO in September 2019, has worked to repair the bank's reputation and is credited with stabilizing the company."
Charlie Scharf traveled to Charlotte to address workforce plans, AI and future bank strategy after federal regulators lifted a $1.95 trillion asset cap five months earlier. Scharf was hired as CEO in September 2019 and is credited with stabilizing the company; the board named him chairman in July. Wells Fargo employs 211,000 people globally, with about 27,000 in Charlotte. Charlotte hosts large technology, risk management, operations and corporate investment banking functions, including trading floors. The bank seeks to be a leading employer in Charlotte and to grow its local footprint and talent base.
Read at Charlotte Observer
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