Wells Fargo & Co

The banks’ willingness to trim headcount shows they are eyeing AI to help them do more with less

Its net profit came in at US$5.25 billion, or US$1.60 per share

Consumer sentiment has plunged to the lowest on record

WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as part of CEO Charlie Scharf’s effort to streamline operations, ...

Some banks have already telegraphed the boost from deal flow

The bank has a little over 210,000 employees as of Sep 30, 2025

[NEW YORK] Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according to Jefferies analysts, cementing the richer valuati...

[NEW YORK] Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells Fargo CEO Charlie Scharf said on Tuesday.

The Asian nation’s use of exit bans has been a point of contention between Beijing and Washington