| Wells Fargo to cut 1,000 jobs, shut Milwaukee home-lending office | |
| | |
|
(Reuters) - Wells Fargo & Co (WFC.N), the fourth-largest U.S. bank by assets, said it will cut 1,000 jobs and close its home-lending servicing office in Milwaukee, Wisconsin. As the U.S. economy has improved over the last two years, the bank has received fewer delinquent payments and fewer customers have required assistance staying in their homes, the bank said in an email on Wednesday. Wells Fargo, which will close the office in late July, will inform employees of other job opportunities within the company, the bank said. Shares of Wells Fargo, which had about 265,000 employees as of Dec. 31, were down about 1 percent at $54.82 in afternoon trading on the New York Stock Exchange. (Reporting by Avik Das and Amrutha Gayathri in Bengaluru; Editing by Joyjeet Das)
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Wells Fargo is a exploration company based in United states of america. Wells Fargo is listed in United States of America. Its market capitalisation is US$ 301.1 billions as of today (€ 279.9 billions). Its stock quote reached its lowest recent point on July 03, 1997 at US$ 10.01, and its highest recent level on May 07, 2024 at US$ 60.26. Wells Fargo has 4 997 319 680 shares outstanding. |