Comment on Wells Fargo to shutter 400 branches by 2018 in efficiency push

Riley McDermid, Biz Journals
Wed, 01/18/2017 - 3:33pm

Wells Fargo to shutter 400 branches by 2018 in efficiency push

Wells Fargo will shutter 400 branches nationwide through 2018 as it seeks to control costs amid changes to employee pay and mounting legal costs related to an aggressive sales-tactic scandal. The San Francisco-based bank made the announcement as part of a conference call with analysts last week, during which it discussed its ongoing legal woes related to a bogus accounts scandal and predicted customer trends.

 

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