Wells Fargo Bank branch on Broadway in Chula Vista. Image via Google Maps 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. “We are continuing to focus on efficiency with turnover dropping, unfortunately, we’re going to have to be more aggressive about our own internal actions,” Scharf said, adding that he thinks it would be the right step in the long term. Last month the bank laid off fewer than 50 bankers from its corporate and investment bank, after the San Francisco-based lender had warned earlier its headcount could decline further i
Hence then, the article about wells fargo ceo expects fourth quarter severance expenses to exceed 750 million was published today ( ) and is available onTimes of San Diego ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Wells Fargo CEO Expects Fourth Quarter Severance Expenses to Exceed $750 Million )