Wells Fargo's new chief promises more change as profit slumps
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(Reuters) - Wells Fargo & Co's profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank's sales scandal and promised "fundamental changes".Wells, the United States' biggest mortgage lender, has leaned on cost cuts to stabilize its bottom line amid sluggish revenue growth and a raft of fines and costs relating to illegal sales practices first uncovered in 2016.Lowering costs were a cornerstone of former Chief Executive..