Wells Fargo CEO Expects Bank To See Losses on Some Office Loans

By Barbra Murray

During a conference hosted by AllianceBernstein Holding on Wednesday, Charles Scharf, CEO of Wells Fargo & Co., gave the audience a dose of reality. Speaking of the bank’s office loan portfolio, Scharf asserted that “there will be losses.” And those losses will occur despite the fact that Wells Fargo is being proactive in its bid […]

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