Wells Fargo CFO Says Scandal Costs Will Abate This Year

The video discusses Wells Fargo's efforts to recover from past scandals by focusing on performance metrics, customer relationships, and operational improvements. The company reports strong net income and growth in deposits, despite higher expenses due to legal and consulting fees. Future cost reductions are anticipated, and the business is on track for recovery with improved branch operations and new programs.

What measures is Wells Fargo taking to improve its performance after the fake account scandal?

How did Wells Fargo's net income in Q1 compare to the previous year?

What changes have been made in the branches to improve customer service?

What impact have higher expenses had on Wells Fargo's financial performance?

What is the expected timeline for the costs associated with the sales practices settlements to abate?