Tag Archives: Fargo

Wells Fargo confirms mortgage staff layoffs

Wells Fargo confirmed Friday it’s laying off an undisclosed number of home lending employees due to mortgage market conditions, one week after reporting a major decline in origination volume. The bank in a brief statement didn’t specify which employees were affected nor the amount of staff displaced, and didn’t immediately respond to follow-up questions Friday […]

Wells Fargo continues to see high demand for new homes, says CFO Mike Santomassimo

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Mike Santomassimo, Wells Fargo CFO, joins ‘Closing Bell’ to discuss Wells Fargo’s earnings. He says the company continues to innovate and see growth in mortgages. source

New York City shuns Wells Fargo over discrimination claims

New York City won’t open new depository accounts with Wells Fargo in response to mounting allegations of discrimination against Black homeowners, municipal leaders said. The bank is facing several civil suits, and was the subject of a Bloomberg report which alleged that, among other discrepancies, that the bank rejected over half of Black applicants seeking […]