Wells to Close Subprime Unit, Cut 3,800

July 2010
American Banker;7/8/2010, Vol. 175 Issue 104, p16
Trade Publication
The article reports that the financial firm Wells Fargo and Company will close 638 of its Wells Fargo Financial subprime loan unit stores in the U.S. and stop originating subprime mortgages, resulting in thousands of layoffs through the year 2011.


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