Wells Fargo Q4 Earnings Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rising borrowing costs have benefited banks that charged borrowers more on interest, but with market participants expecting rate cuts by the Federal Reserve this year, their interest income could start to erode.

United statesMike santomassimoCharlie scharfWells fargoDeposit insurance corporationFederal reserveExecutive officer charlie scharfFinancial officer mike santomassimoFederal deposit insurance corporationWells fargo q4 earnings updateNet interest incomeCost cutsBorrowing costs