Scharf, Charles W

Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits

JPMorgan Chase and Wells Fargo said that consumers continued to borrow and spend, but their chiefs warned that risks were intensifying.

Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses

The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”

Rising Interest Rates Lift Profits at Bank of America and Wells Fargo

Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.

Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations

The Consumer Financial Protection Bureau cited improper overdraft fees, account freezes, auto repossessions and misapplied home loan payments that have harmed millions of consumers since 2011.

Wells Fargo Announces ‘Pause’ of Policy That Led to Fake Job Interviews

The bank’s leaders will study how its “diverse slate” requirement is being carried out and what needs to change before restarting it in July.