By Nupur Anand NEW YORK (Reuters) - Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike ...
SaltWire's Atlantic regional weather forecast for September 12, 2023 | SaltWireNEW YORK - Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday.
Even though there is systematic stress in office real estate, the other portfolios are performing well, Santomassimo said. There could be some ongoing pressure in the CRE portfolio but it is unlikely to be to the tune of what the bank had seen in the previous quarters.
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