Wells Fargo records highest number of loss-making days in six years

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Wells Fargo incurred the highest number of loss-making trading days in the third quarter of 2021 across the top eight US banks.

The San Francisco-based bank reported 43 losing days in the three months to end-September – the highest number for the bank since public disclosures began in Q1 2015. This was up from 38 in the previous quarter.

On aggregate, the eight US systemically important banks reported 228 losing days over the same period – around 29 each on average. This compares

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