Cost-cutting, layoffs ahead for scandal-plagued Wells Fargo, analyst warns

Scandal-plagued Wells Fargo's road to recovery will be long and painful -- marked by cost-cutting and more layoffs than originally forecast. As much as 10 percent of the bank's current workforce is facing elimination, an analyst has warned. The embattled San Francisco-based lender -- the nation's fourth-largest bank by assets -- took the first bold...