retail bank staff

Wells Fargo Announces $2 Bn In Additional Cost Cuts

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Tarnished banking giant Wells Fargo said Thursday it will cut an additional $2 billion in costs each year as it aims to restore its reputation following a fake bank accounts scandal. The leader in mortgage lending said it will slash another $2 billion annually by 2019 through a variety of measures, such as greater use … Read more

Investors Keep Wells Fargo Board At Contentious Meeting

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The entire Wells Fargo board of directors was reelected Tuesday after a bruising, rowdy annual meeting where shareholders castigated the bank’s leadership over a fake accounts scandal that severely damaged the company’s image. Even so five members, including the chairman, received only tepid support from investors. The cantankerous gathering lasted nearly three hours and was … Read more