Thursday, August 27, 2026

Will Wells Fargo get Burned by Oil?

From the San Francisco Business Times Wells Fargo prompted some to do a double-take this week when it provided more details on its exposure to the troubled oil-and-gas industry as investors gauge the fallout of plunging oil prices on the broader economy. Wells Fargo’s “exposure” to the oil-and-gas sector totals $42 billion, the bank’s Chief Financial Officer John Shrewsberry told