Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills. CEO Tim Sloan said on Thursday that Wells ...

Wells Fargo cut about 425 jobs in the ... In addition to its mounting losses in the mortgage trade, Wells Fargo has been plagued with penalties for regulatory infractions.

The Wells Fargo West Des Moines campus, the headquarters of the bank's mortgage division. Wells Fargo's plan to make big reductions in its mortgage business could mean more jobs losses at the ...

Wells Fargo is a “high-cost producer” of its core products and services, so it may be losing market share, Bove said, adding that a “new loan-loss cycle is underway.” ...

It's already shaping up to be quite a year for Wells Fargo, as the bank focuses on both cost cuts and growth opportunities. Why big bank CEO says more of his employees have to lose their jobs ...

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.

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 was one of the last financial institutions to make employees return to the office after the COVID-19 pandemic, requiring them to opt into a “hybrid flexible model” in 2022 ...

Wells Fargo pointed to a 2013 paper from Oxford University that forecast 47% of U.S. employment was at risk to automation over the next decade or two that failed to foresee the current labor ...