Wells Fargo CEO warns severance costs could hit $1B this quarter as more layoffs loom
Wells Fargo CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the coming year.
Wells Fargo & Company (WFC) Presents at Goldman Sachs 2023 US Financial Services Conference (Transcript)
Wells Fargo & Company (NYSE:WFC ) Goldman Sachs 2023 US Financial Services Conference December 5, 2023 8:00 AM ET Company Participants Charlie Scharf - CEO Conference Call Participants Richard Rams...
Wells Fargo warns of big severance expense in Q4
Wells Fargo & Co (NYSE: WFC) opened in the red today after Charlie Scharf – its Chief Executive warned of a rather large severance expense in the final quarter of 2023. Turnover has come down at We...
Wells Fargo CEO expects severance expenses to exceed $750 million
Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less than $1 billion in the fourth quarter.
Wells Fargo to book up to nearly $1 billion in Q4 severance costs
Wells Fargo & Co.'s WFC, -1.07% stock was down by 0.4% on Tuesday after the bank said it plans to book $750 million to nearly $1 billion in fourth-quarter severance costs. Chief Executive Charlie S...
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
Why the Market Dipped But Wells Fargo (WFC) Gained Today
Wells Fargo (WFC) reachead $45.12 at the closing of the latest trading day, reflecting a +0.22% change compared to its last close.
Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock
Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal.
Former CEO Tim Sloan Sues Wells Fargo for $34 Million
Former Wells Fargo CEO Tim Sloan has filed a lawsuit against the company, seeking over $34 million in unpaid compensation. Sloan alleged that Wells Fargo unlawfully withheld his deferred pay and b...
Wells Fargo (WFC) Aided by Cost Control, Hurt by Lower Revenues
Wells Fargo's (WFC) cost-saving measures, like branch closures and headcount reduction, will help offset falling revenue trends due to volatile fee income and NII decline.
Wells Fargo accused of not paying overtime at shortstaffed US branches
A Wells Fargo & Co employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its U.S. branch workers of overtime pay, as the bank faces an unprecedented campaign to unionize i...
Wells Fargo: Value Investors Say 'Thank You', Mr. Market
Investing in bank stocks is currently out of favor, due to concerns about weak lending activity, deposit beta, and credit impairments. Against negative sentiment, value investors see likely an oppo...
Inflation is declining but that doesn't matter for low-income Americans, says Fmr. Wells Fargo CEO
Dick Kovacevich, Former Wells Fargo CEO, joins 'Closing Bell Overtime' to talk inflation's impact on Americans, the state of the economy and more.
Wells Fargo (WFC) Stock Falls Amid Market Uptick: What Investors Need to Know
Wells Fargo (WFC) closed the most recent trading day at $42.79, moving -0.4% from the previous trading session.
Wells Fargo employees seek to form union in labor's rare foray into finance sector
Wells Fargo employees at two of the bank's branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor c...
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