Back to Search Start Over

Wells Fargo’s latest sore spot: Wealth management.

Authors :
Wack, Kevin
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