Tag Archives: Charles Scharf

Credit card revenues surpass mortgages at Wells Fargo in Q2

By | | Uncategorized
Comments Off on Credit card revenues surpass mortgages at Wells Fargo in Q2

Rising interest rates and a shrinking branch network are cutting into Wells Fargo’s mortgage business, and bank executives say they’re fine with that. Continue reading →

Wells Fargo warns it will cut costs as mortgage lending continues to slide

By | | Uncategorized
Comments Off on Wells Fargo warns it will cut costs as mortgage lending continues to slide

Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices. Continue reading →