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...Mr Santomassimo replaces John Shrewsberry, who has served as CFO since 2014, before a fake accounts scandal rocked Wells Fargo in 2016, forcing the resignation of two chief executives and leading regulators...
...Chief financial officer John Shrewsberry said that, despite effects of the pandemic, the bank continued to see significant customer activity....
...Wells Fargo chief financial officer John Shrewsberry noted that in commercial lending “we've actually seen some better realised outcomes than we imagined”. Many other executives echoed that theme....
...Wells’ chief financial officer John Shrewsberry said in June that “at some point this year” the bank would have to resume programmes to cut its total expense base, including headcount and real estate....
...Chief financial officer John Shrewsberry noted that “loans and deposits grew from the second quarter and from a year ago” and that credit quality at the bank remained pristine....
...Wells Fargo’s chief financial officer, John Shrewsberry, further reduced its expectations for 2019 net interest income to a 6 per cent decline, worse than the 5 per cent decline expected a few months ago...
...Industry leaders including JPMorgan chief executive Jamie Dimon, Wells Fargo finance chief John Shrewsberry, Morgan Stanley finance chief Jon Pruzan and Bank of America president Tom Montag will give updates...
...“We grew period-end loans and deposits, as well as pre-tax pre-provision profit, compared with the first quarter and a year ago,” said chief financial officer John Shrewsberry....
...During a call with analysts on Friday, chief financial officer John Shrewsberry downgraded the bank’s target for 2019 net interest income, pointing to the effect of a flattening yield curve on the bank’s...
...“Last quarter, we said we expected net interest income to decline 2 per cent to 5 per cent this year compared with 2018,” John Shrewsberry, chief financial officer of Wells, told investment analysts on Tuesday...
...At Wells, chief financial officer John Shrewsberry said the bank’s loan loss reserves inched up because of “higher probability of less favourable economic conditions”....
...John Shrewsberry, Wells Fargo’s chief financial officer, told an audience of investors on Tuesday morning that the bank’s divestment of legacy loans should tail off by mid-2019, allowing its loan book to...
...Laying down financial expectations at Wells Fargo’s investor day on Thursday, John Shrewsberry, chief financial officer, said the US bank’s income from “deposit service charges” — including overdraft fees...
...At a conference in New York last week, Wells chief financial officer John Shrewsberry set a target of cutting the bank’s non-interest expenses by $3.5bn between 2018 and 2020, to about $50bn dollars....
...John Shrewsberry, Wells Fargo’s chief financial officer, highlighted risks in the retail sector, where pressure from ecommerce is pushing up store vacancy rates....
...John Shrewsberry, Wells Fargo’s chief financial officer, described in the company’s earnings call how competition from non-bank lenders had diminished banks’ market share....
...In a statement, John Shrewsberry, chief financial officer, said the performance of the loans, and the bank’s capital levels, “remained strong” and added Wells was on track to meet its target to reduce expenses...
.... * John Shrewsberry, Wells chief financial officer, said: “You can pretty easily imagine that the Fed goes a couple more times this year.”...
...Shrewsberry, chief financial officer....
...Wells Fargo chief financial officer John Shrewsberry said in April that the number of investment bank staff cut as a result of the corporate and investment bank alignment would not “be an extraordinary number...
...“This is very sudden - [it] just arrived this week,” said John Shrewsberry, chief financial officer. “We’re working with them through it.”...
...The charge included a provision for the settlement of pre-crisis mortgage abuse allegations, as well as more recent misdemeanours, said John Shrewsberry, chief financial officer....
...John Shrewsberry, chief financial officer, said further disposals could be on the horizon....
...“We get a little bit smaller, a little bit less complex and we can focus on what we’re good at,” John Shrewsberry, chief financial officer, told the Financial Times. “We could be more focused.”...
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