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Market Closed -
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5-day change | 1st Jan Change | ||
| 61.1 USD | +1.24% |
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+7.25% | +24.14% |
| Apr. 22 | Equity Markets Close Higher With Key Earnings in Focus This Week | MT |
| Apr. 22 | Equity Markets Close Higher With Week's Key Earnings in Focus | MT |
NEW YORK (Reuters) - Wells Fargo & Co., the biggest U.S. mortgage lender, is cutting 1,800 jobs in its home-loan production business, Bloomberg reported on Wednesday.
The job cuts at the fourth-largest U.S. bank are in addition to 3,000 announced earlier this quarter, a spokesman told the news service.
Wells Fargo is eliminating jobs as rising rates slow mortgage refinancings and new home purchases fail to make up for the decline, the report said.
Wells Fargo was not immediately available for comment.
(Reporting By Nadia Damouni)
| 1st Jan change | Capi. | |
|---|---|---|
| +24.14% | 214B | |
| +11.35% | 544B | |
| +12.06% | 297B | |
| +7.85% | 249B | |
| +15.44% | 172B | |
| +5.59% | 160B | |
| +4.94% | 153B | |
| +1.44% | 140B | |
| -11.80% | 138B | |
| +2.49% | 122B |
WELLS FARGO & COMPANY 
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