Wells Fargo said Wednesday that it will lay off 700 workers, adding to the tens of thousands who have lost their jobs industry-wide after rates jumped last year. The San Francisco bank said the cuts included 203 employees in the Minneapolis-St. Paul Area, according to my colleague Jim Hammerand at the Twin Cities Business Journal. … Continue reading
Wells Fargo, the biggest U.S. mortgage lender, eliminated an additional 925 jobs in its home loan unit and has cut more than 5,700 since midyear Continue reading
Wells Fargo is cutting thousands of jobs in its mortgage business as the biggest home lender in the US prepares for a further drop in demand for new mortgages, writes Tracy Alloway. The San-Francisco-based bank, also the largest in the US by market value, plans to trim 2,300 positions in its mortgage production unit, a … Continue reading
Americans at the top and bottom of the income scale are benefiting most from the jobs recovery while those in the middle are getting left behind. Employees making above-average wages, like doctors and energy-industry workers, and those at the other extreme, including home-health aides and restaurant staff, have seen outsized gains in hiring since the … Continue reading