Wells Fargo became more risky in 2018, in contrast to other large US banks, regulatory data shows.
The bank’s risk-weighted asset density, calculated as standardised RWAs divided by total assets, hit 65.8% at end-2018, up from 64.6% the year-ago quarter.
Wells Fargo reported total assets of $1.89 trillion in the fourth quarter, down $56 billion year-on-year. RWAs stood at $1.25 trillion, down $36 billion at end-2017.
In contrast, the other seven US global systemically important banks' (G