Wells Fargo commits to risk infrastructure, efficiency initiatives
$1.9T bank to spend $54.2B in 2025
Wells Fargo is investing $54.2 billion into enhancing its operational efficiency and expanding its risk infrastructure in 2025. The projected 2025 spend represents a 0.7% decrease from 2024, Mike Santomassimo, executive vice president and chief financial officer at $1.9 trillion Wells Fargo, said today during the company’s fourth-quarter 2024 earnings call. The reduced spend is […]
