Regulatory Concerns news and trends

Quick Reads
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency

September 12, 2023
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been trimming its workforce, already reducing its employee base by nearly 40,000, Reuters reported Tuesday (Sept. 12). Santomassimo told the media outlet, “I do think that there’s more to […]