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3min chapter
#195: Charlie Scharf, CEO and President of Wells Fargo – Set the right example
How Leaders Lead with David Novak
Navigating Regulatory Challenges in Banking and Solving Tough Problems
The chapter delves into the regulatory findings known as consent orders in the banking sector, elucidating their requirement for specific fixes to address issues identified by regulators. The speaker underscores the serious repercussions of non-compliance and the necessity of resource mobilization and clear communication to adhere to these orders for company growth and functionality.
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