News Formal

Wells Fargo CEO Charlie Scharf aims to cut billions in expenses in 2023 - Dallas Business Journal

  • 📰 DallasBizNews
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

“We still have higher headcount and higher expenses than people who are more complex than us.”

Wells Fargo & Co., one of the Milwaukee area's largest banks, told investors Jan. 13 that it expects to cut expenses by an additional $3.2 billion this year after already trimming about $7.5 billion over the past two years. Charlie Scharf

“But there’s a lot more beyond that. That’s the work that we’re doing to peel that back piece by piece by piece,” Scharf said. “We still have a huge amount of manual processes inside the company. We have duplicate systems.” “We’re not going to spend under any environment at all costs. That’s not the way we’re thinking about it,” Scharf said. “If we don’t see net improvements in performance of the company, we’ve got the ability to ratchet back the discretionary spend, so that we do continue to see improved performance.

“We’re not interested in running and having a business which is focused on a standalone mortgage product,” Scharf told investors Friday. “We very much appreciate the importance of mortgage to the consumer base. We’re going to continue to stay in the business, but we’re going to view it as part of the importance in the broader relationship.”

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 525. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Wells Fargo CEO Charlie Scharf aims to cut billions in expenses in 2023 - Phoenix Business JournalThe San Francisco bank — which is the second-largest in the Phoenix metro — still has higher headcount and expenses than rivals with more complex operations, the CEO said.
ソース: phxbizjournal - 🏆 254. / 63 続きを読む »