Wells Fargo to cut 925 jobs as refinancing drops

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Wells Fargo to cut 925 jobs as refinancing drops (via AFP)

Wells Fargo, the biggest US mortgage lender, said Thursday it would cut a further 925 jobs in its home lending business due to a decline in refinancing. “Yesterday, across the country, we provided a 60-day notice of displacement to 925 mortgage team…

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tail risk fundsEditor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some will be released at a Read More