Wells Fargo prepares to cut tens of thousands of jobs - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Under pressure to drastically reduce costs, Wells Fargo is preparing to cut tens of thousands of jobs starting this year

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing.

It's also tightening requirements for the refinancing of certain mortgages. The bank now requires new customers who want to refinance a jumbo mortgage to bring at least $1 million in balances — quadruple the previous requirement of $250,000 — people with knowledge of the policy

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wells Fargo should have been shuttered long ago.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SUCCESS INSIDER: Leaving a job during a recession, McKinsey, Hamilton - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

6 steps to prepare for and nail a remote performance review - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us on Tuesday, July 14 at 1:30 p.m! BI reporter Shannen_Balogh will speak with Domm Holland, Fast's co-founder and CEO, and Jan Hammer, general partner at Index Ventures, about how to build a pitch deck and what it takes to win over investors.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wells Fargo tells employees to delete TikTok from their company devicesWells Fargo has banned the social media app TikTok from company devices amid what it says are concerns about security. It’s the background connection with the app. I don’t have the app, but if you even use amazon on any device, expect them to try and trick you to verify the tik tok app. careful. hello from China Many companies ban social media from company devices. This is not isolated to tik tok Which you shouldn't have on your company device to begin with...nor Facebook not any social media stuff.
Source: CNN - 🏆 4. / 95 Read more »

Tesla cuts Model Y price, cancels forthcoming cheaper version of SUV - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This headline makes it sound like they don't have enough demand which is why they reducing pricing. But this is not the case
Source: BusinessInsider - 🏆 729. / 51 Read more »