Original Content
The bank credited Charlie Scharf for the resolution of seven consent orders last year, including a $1.95 trillion asset cap imposed by the Federal Reserve.
Wells Fargo to pay CEO Scharf $40M for 2025
AI Summary
Wells Fargo credited CEO Charlie Scharf for resolving seven consent orders; one included a $1.95 trillion asset cap imposed by the Federal Reserve.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities and focuses on national regulatory actions affecting Wells Fargo.