Scharf admits that as a banker, he’d never faced anything remotely as tough as the mission at Wells. “I remember knowing what I was getting myself into, but it was much worse directionally than I thought … The regulatory pressure was beyond anything I’ve experienced, and so was the political pressure,” the CEO avows. Indeed, brought in to enact a turnaround, Scharf was facing rising odds that regulators could dismantle one of America’s most legendary financial institutions.The task of saving the institution ...