TITLE

Wells to Close Subprime Unit, Cut 3,800

PUB. DATE
July 2010
SOURCE
American Banker;7/8/2010, Vol. 175 Issue 104, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
52100205

 

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