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Wells Fargo Profit Decimated as Coronavirus-Led Loan Defaults Loom

April 14, 2020

Reuters, Apr. 14, 2020–Noor Zainab Hussain, Imani Moise
Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to cover potential losses on loans to consumers and small businesses hurting due to the coronavirus outbreak.
https://www.reuters.com/article/us-wells-fargo-results/wells-fargo-profit-decimated-as-coronavirus-led-loan-defaults-loom-idUSKCN21W1JW

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