Wells Fargo Profits Plummet Amid Fraud Scandals And Competition

Wells Fargo Profits Plummet Amid Fraud Scandals And Added Competition. Is The End Near For Wells Fargo?


Wells Fargo Profits
Are Plummeting Wells Fargo Profits A Sign Wells Fargo Is Crashing And Burning?

Wells Fargo CEO Tim Sloan was forced to admit Wells Fargo profits are plummeting. He also admitted Wells Fargo is struggling. The bank has also been plagued by countless fraud scandals, lawsuits, and fines.
Sloan also admitted Wells Fargo is struggling with the mortgage fees it charges as competition continues to increase.
As a result, Wells Fargo customers are fleeing the bank in droves.

Wells Fargo Profits
Do plummeting Wells Fargo profits mean the end is near for the beleaguered bank?

Wells Fargo CEO Tim Sloan downplayed the situation:
Wells Fargo explained it has also seen more of a shift into the correspondent channel as competition rises.

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