Wells Fargo said net credit losses increased 35 per cent from last year to $892m and rose 24 per cent from $720m in the second quarter.

Government jobs at the state and local levels led the gains, adding 73,000 positions in June. State governments added 47,000 jobs, led by 40,000 in education. Local government jobs grew by 23,000. A ...

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 may lose up to $3 billion on its office building loans Earlier this month, Chief Financial Officer Michael Santomassimo had warned investors in a post-earnings call that the bank expects ...

The US private sector lost jobs in June, the first negative month in more than two years, according to new data Wednesday from payroll provider ADP.

Here are some things Wells Fargo CEO Charlie Scharf said about the office real estate market, on the post-earnings call with analysts, according to a FactSet transcript: \\--"In commercial ...

Wells Fargo's stock dropped Friday, after the California-based bank set aside a lot more money for potential losses on loans, and reported fourth-quarter profit that rose just in line with forecasts.

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 ...

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and ...

Wells Fargo & Co. Chief Executive Office Charlie Scharf said there are significant risks to segments of the US office sector and that his bank will see losses stemming from real estate loans.

Higher interest rates and rising loan balances helped Wells Fargo top analysts’ expectations for the second quarter, even as it socked away more money as a buffer against bad loans. On Friday ...

“We’ve got a lot more to do to make the company as efficient as it should be,” Wells Fargo’s CFO said.