Wells Fargo reports a slump in fourth-quarter profit, as the fallout from a sales scandal that erupted in 2016 drove the bank to set aside another $1.5 billion toward legal expenses https://reut.rs/36ShJ3R $WFC
Replying to @ReutersBiz
CFO John Shrewsberry also blamed low interest rates for a decline in the bank’s net interest income, a main engine of bank profits. That's like a chef saying too much salt ruined the meal. WHEN DOES THESE CORRUPT EXECS TAKE ACCOUNTABILITY. Get rid of them NOW.