Cost-cutting, layoffs ahead for scandal-plagued Wells Fargo, analyst warns

Scandal-plagued Wells Fargo’s road to recovery will be long and painful — marked by cost-cutting and more layoffs than originally forecast. As much as 10 percent of the bank’s current workforce is facing elimination, an analyst has warned. The embattled San Francisco-based lender — the nation’s fourth-largest bank by assets — took the first bold… Continue reading at New York Post