WFC - Wells Fargo Expects Severance Costs Of $750M-$1B In Q4: Report | Benzinga
On Investor Day yesterday, Wells Fargo & Co (NYSE: WFC) CEO Charlie Scharf reportedly disclosed that he expects higher-than-anticipated severance expenses between $750 million and a little less than $1 billion in Q4.
"We are continuing to focus on efficiency with turnover dropping, unfortunately, we're going to have to be more aggressive about our own internal actions," said CEO Scharf, reported Reuters.
Also, Scharf added that the economy is expected to be strong despite higher interest ...