The layoffs reflect a trend echoed across the global financial sector, where automation, AI adoption, and cost optimisation ...

This has likely driven capital-deployment activity. Wells Fargo’s shares have gained 8.8% over the past six months compared with the industry’s growth of 5%.

Wells Fargo has amended previously announced layoffs to include 159 additional workers. The list of additional upcoming layoffs was filed Tuesday, May 13, on Iowa’s Worker Adjustment and ...

The Fed could slash rates more than expected in 2024, the Wells Fargo strategist Erik Nelson said. He said that was because the job market is probably weaker than it looks on the surface. Weakening ...

Wells Fargo serves 69 million customers in 28 countries and operates in more than 5,500 locations. The San Francisco- based company employs about 27,000 jobs in Charlotte, its largest employment hub.

A top Wells Fargo official said to expect more layoffs at the bank and a decrease in office space as the bank looks to continue to reduce expenses. The comments by Chief Financial Officer Michael ...