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

On average, the eight top US banks reported 29 loss-making days in Q3

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.

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