Representatives for Wells Fargo confirmed the cuts but did not elaborate on how many agricultural bankers were laid off.
The staffing cuts are particularly ill-timed for the bank's soybean, corn and grain farm customers, who are looking to renew loans to finance their spring planting operations. Wells Fargo has also been traditionally regarded as one of the most active lenders to the US oil and gas sector. But its energy team was still recovering from hefty losses it booked in 2016, when crude prices plunged to US$26 a barrel and forced a number of bankruptcies in the sector.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Wells Fargo lays off more than 200 business bankers in US: SourcesWells Fargo has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
Wells Fargo lays off more than 200 business bankers in US: SourcesWells Fargo has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
US business investment still soft; jobless claims fallNew orders for key US-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »
US business investment still weak; jobless claims fallNew orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »