UPDATE 4-Wells Fargo’s new chief pledges more cost cuts as profit slumps
Wells Fargo & Co’s profit slumped
55% in the fourth quarter as new boss Charles Scharf set aside
another $1.5 billion for legal costs related to the bank’s sales
scandal and promised “fundamental changes.”
55% in the fourth quarter as new boss Charles Scharf set aside
another $1.5 billion for legal costs related to the bank’s sales
scandal and promised “fundamental changes.”
Posted by Reuters
