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Wells Fargo’s latest sore spot: Wealth management.
- Source :
- American Banker; 7/16/2018, Vol. 183 Issue 135, p1, 1p
- Publication Year :
- 2018
-
Abstract
- The article reports the financial performance of struggling bank Wells Fargo in the second quarter of 2018, particularly the decline in net income of its wealth and investment management division. Also cited are the bank's past misconduct in its wealth management business, the reputational damage incurred by the company due to previous scandals, and the comment by chief financial officer John Shrewsberry on their operation.
Details
- Language :
- English
- ISSN :
- 00027561
- Volume :
- 183
- Issue :
- 135
- Database :
- Complementary Index
- Journal :
- American Banker
- Publication Type :
- Periodical
- Accession number :
- 130664250