Well, it’s second-to-late. And if not that, let it be Jay Powell’s last.
It takes more than a $1 billion fine to really get the Stagecoach’s attention, apparently.
Wall Street’s also-rans confirm that the second quarter was a good one indeed for banks.
But not before drawing one last racial discrimination lawsuit therefrom.
Affirmative inaction beneficiary Charlie Scharf doesn’t understand why he only wants to hire white people.
Which, in Wells Fargo’s case, is not much, so don’t ask.
But don’t worry, little stagecoach drivers: Jamie Dimon’s son-in-law is figuring out how to fix all of those broken wooden wheels.
Charles Scharf used to work for Jamie Dimon, so he has a keen eye for the differences between their two firms.
And before you make that offer to Carrie Toldstedt, you might want to read on.
In possibly related news, it just set half of its quarterly earnings on fire.
Say what you will, but leaving BNY Mellon to run Wells Fargo proves that Charlie Scharf is definitely not a venal careerist.