Wells Fargo faces plenty of challenges as the bank grapples with loan losses amid a weakening economy.

Wells Fargo faces potential losses of up to $3 billion on its office building loans over the next 3-4 years. The bank’s balance sheet is de-risked, with full reserves set aside for potential losses.

Wells Fargo's plan to make big reductions in its mortgage businesscould mean more jobs losses at the company’s offices in the Des Moines metro, where the region's largest private employer ...

Wells Fargo's plan to make big reductions in its mortgage business could mean more jobs losses at the company’s offices in the Des Moines metro, where the region's largest private employer ...

What It Means For Wells Fargo’s Future In addition to the layoffs, Wells Fargo’s fourth-quarter profit surpassed expectations, driven by cost-cutting measures.

Wells Fargo said net charge-offs on loans tied to the struggling commercial real estate sector roughly doubled from a year earlier to $184 million in the third quarter and that the bank expected ...

Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.

A Wells Fargo employee was found dead last week four days after clocking in for work at a Wells Fargo office in Tempe, Arizona, police said.

But similar to past technological revolutions, AI isn’t likely to cause widespread job losses, and could eventually help stimulate the labor market, a report from Wells Fargo Economics concluded.

Wells Fargo (NYSE: WFC) shares snapped six straight sessions of losses, as the stock closed 0.3% higher at $59.5 on Wednesday. The bank lost about 3% in the preceding six sessions.

One of the worst-kept secrets about post-pandemic hybrid and work-from-home arrangements is now definitively out of the bag, after more than a dozen Wells Fargo employees were fired for allegedly ...