Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years

(Courtesy of cbsnews.com) Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank said, which will result in thousands of job losses at the nation's third-largest bank. Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. The bank currently employs … Continue reading Wells Fargo layoffs coming: Bank promises to cut 10 percent over 3 years

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Wells Fargo makes sweeping changes to its board

(Courtesy of Jacksonville Business Journal)  Wells Fargo said Tuesday that the bank has taken what it calls “board refreshment actions” as it struggles to right the ship from a series of scandals that have damaged its once-sterling reputation as Main Street’s bank. The San Francisco-based bank said that board vice chairman Betsy Duke will succeed … Continue reading Wells Fargo makes sweeping changes to its board