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 […]

Unlock unlimited access to all our premium content

Sign-up to the Propmodo Daily newsletter for free to get these posts delivered to your inbox as they're published! SIGN UP

Or subscribe for unlimited access to the Propmodo Daily archive plus all of Propmodo's exclusive content. Start your trial for just $1/month. Cancel anytime.


Already a subscriber? Sign in below:

- Advertisement -

More Email Newsletters →