Bank of NY Mellon Names Charles Scharf CEO

The transcript discusses Charles Scharf's career, highlighting his roles at Visa and JPMorgan, and his recent appointment as CEO of BNY Mellon. It explores the surprise of hiring an outsider with a tech background for a traditional bank and the potential impact of technology on the banking industry.

What was the reaction of analysts and investors to the hiring of Charles Scharf?

In what ways is technology playing a role in the banking industry according to the text?