Fresh questions emerged on Tuesday about the health of the US consumer as Wells Fargo, the nation’s second-largest mortgage lender, reported its smallest quarterly earnings increase in six years ...

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.

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 ...

File Photo WASHINGTON: Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio.

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 Fake Job Interviews Spawn Real Lawsuit. ... Wells Fargo’s share price fell 10.2 percent over two days in June 2022, wiping out more than $17 billion of market value, ...

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 ...

The case is SEB Investment Management AB et al v Wells Fargo & Co, U.S. District Court, Northern District of California, No. 22-03811. Wells Fargo must face lawsuit over sham job interviews View ...

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 ...