And handle the coronavirus. noise the committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fr
Come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Holding Wells Fargo Accountable and ceo perspectives for the bank that broke americas trust. I now recognize myself for five minutes with an Opening Statement. Today, wells far go ceo, charles scharf, will testify before the committee about how he plans to end wells fargo egregious battle of abuse. Hes the third wells fargo ceo to testify before this committee and less than three and a half years. I will note that each time wells fargo ceo testified before this committee, he has resigned soon thereafter. Mr. Charles scharf, you have taken on a massive challenge and while i certainly wish you luck, it is clear to this committee that the bank you inherited is essentially a flawless organization that has caused widespread harm to millions of consumers around the nation. Wells fargo has opened 3. 5 million fraudulent accounts with their customers names which ca
Fear is looming and the economy losing altitude. We will see what is happening on the markets, sharply down right across europe and thats after the escalation in the trade war between the us and china. A chill spreading across global stocks. We will getting the inside track on the past week in business including spending on a no deal brexit and the feds move to cut Interest Rates, thats all with our economics editor faisal islam. And asa economics editor faisal islam. And as a london pub reveals it is using facial Recognition Technology to tell staff who is next in the queue, we wa nt tell staff who is next in the queue, we want to know is this a good use of the software . Would you be happy for your face of the software . Would you be happy for yourface to be of the software . Would you be happy for your face to be scanned in order to get served quicker . Let us know using the hashtag bbc bizlive. Hello and a very warm welcome to business live. Good to have you with us. Business live.
Speaker is dale norwood. Hes a historian of 19th Century America who studies Global Commerce and how it has shaped american politics and economics, both domestically and in u. S. Foreign relations. So this will really be an opportunity for us to hear more about global earlier america and how things were connected long before we got to the globalized world were in today. Dr. Norwood earned his ph. D. At princeton in 2012 and is now an assistant professor. The department of history at the university of delaware. And with that, i will hand it over to him. And theres a cell phone here. Well, thanks so much for the kind introduction. And thank you all for coming out and go. Phillies, of course. I particularly to thank mabel rosen a heck and emily miller for making arrangements for this event and the crew here for filming and making that possible and to offer some things to. Stephanie tanner, who first extended the invitation. Im really glad to be here. Lancaster is a great place and im deli
Speaker is dale norwood. Hes a historian of 19th Century America who studies Global Commerce and how it has shaped american politics and economics, both domestically and in u. S. Foreign relations. So this will really be an opportunity for us to hear more about global earlier america and how things were connected long before we got to the globalized world were in today. Dr. Norwood earned his ph. D. At princeton in 2012 and is now an assistant professor. The department of history at the university of delaware. And with that, i will hand it over to him. And theres a cell phone here. Well, thanks so much for the kind introduction. And thank you all for coming out and go. Phillies, of course. I particularly to thank mabel rosen a heck and emily miller for making arrangements for this event and the crew here for filming and making that possible and to offer some things to. Stephanie tanner, who first extended the invitation. Im really glad to be here. Lancaster is a great place and im deli