U.S. consumer loan growth is likely to remain muted for the rest of the year and could potentially slide, Wells Fargo Chief ...

Consumer loan growth in the U.S. may remain sluggish—or even decline—in the coming months, warned Wells Fargo Chief Financial ...

NEW YORK (Reuters) -U.S. consumer loan growth is likely to remain muted for the rest of the year and could potentially slide, Wells Fargo Chief Financial Officer Mike Santomassimo said on Tuesday.

In 2023 and the first half of 2024, most of Wells Fargo’s approved consumer loan applicants had a credit score of 700 or higher, according to a filing with the Securities and Exchange Commission.

Investing.com -- Wells Fargo’s Chief Financial Officer Mike Santomassimo said consumer loan growth will likely remain muted for the rest of the year and might even decline. "I wouldn’t expect ...

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the ...

NEW YORK (Reuters) -Wells Fargo's Chief Financial Officer Mike Santomassimo said consumer loan growth is likely to remain muted for the rest of the year and could potentially slide. "I wouldn't expect ...

Since then, regulators identified additional problems with how the bank handled mortgages, auto loans and consumer deposit accounts. In 2018, Wells Fargo was charged a combined $1 billion from ...

Wells Fargo said Friday revenue at its consumer bank fell to $9.124 billion ... 842 million from $840 million a year ago, due to higher mortgage banking fees, which were offset by lower net ...