Actionable news
0
All posts from Actionable news
Actionable news in WFC: WELLS FARGO & CO.,

Wells Fargo problem loans jump 62 percent, driven by energy

The sign outside the Wells Fargo & Co. bank in downtown Denver April 13, 2016.

Wells Fargo & Co (WFC.N) racked up a 62 percent increase in potentially problematic loans, mainly to oil and gas companies, according to its first-quarter regulatory financial filing released on Wednesday.

Loans regulators define as "criticized" rose to nearly $30 billion as of March 31 from about $18.5 billion at the end of 2015, the filing said. The remaining $290.5 billion of Wells Fargo's commercial and...


More