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KM Financial Solutions | UPDATE 4-Wells Fargo’s new chief pledges more cost cuts as profit slumps
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UPDATE 4-Wells Fargo’s new chief pledges more cost cuts as profit slumps

13 Jan UPDATE 4-Wells Fargo’s new chief pledges more cost cuts as profit slumps

Posted at 17:37h in News by
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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.”

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