• 2 Major Investment Cycles Are Nearing Peaks, Here's How To Prepare

    28 days ago - By Forbes

    The two biggest opportunities I see for U.S. investors over the next 5 years are: protecting capital ahead of the next bear market, and subsequently overweighting international assets.
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  • Wells Fargo to cut headcount by 5-10 percent in next 3 years

    28 days ago - By Reuters

    Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.
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  • Wells Fargo says it will cut as many as 26,500 jobs in the next 3 years

    Wells Fargo says it will cut as many as 26,500 jobs in the next 3 years

    28 days ago - By Business Insider

    Wells Fargo said on Thursday it would cut its staff by about 5% to 10% within the next three years.
    The third biggest US bank has 265,000 employees, meaning the cuts would encompass as much as 26,500 people.
    Wells have been hit with a range of problems over the last several years, beginning with the fake-accounts scandal in 2016 , when the firm said employees had opened millions of customer accounts without their consent in order to meet sales targets. The revelation forced the resignation of CEO John Stumpf. His replacement, Tim Sloan, has been battling to overcome the scandal and a...
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  • Wells Fargo to cut 10 percent of workforce over next 3 years

    28 days ago - By Chron

    NEW YORK - Wells Fargo is planning to cut up to 10 percent of its workforce over the next three years, which will result in tens of thousands of job losses for employees of the nation's third-largest bank.
    Wells Fargo Chief Executive Tim Sloan made the announcement to employees on Thursday. The bank currently employs roughly 265,000 workers, and plans to cut its headcount through both attrition and layoffs.
    The San Francisco-based bank has been under a cloud of scandal since 2015 when it admitted its employees opened millions of fake bank accounts for customers in order to meet unrealistic...
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  • Wells Fargo plans to cut up to 10% of workforce in the next 3 years

    28 days ago - By CNBC

    Wells Fargo is lowering its employee headcount by 5 to 10 percent in the next three years, the company announced Thursday.
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  • Wells Fargo says it will cut headcount by as much as 10% in the next 3 years

    Wells Fargo says it will cut headcount by as much as 10% in the next 3 years

    28 days ago - By Business Insider

    Wells Fargo said on Thursday it would cut its staff by about 5% to 10% within the next three years.
    The reduction would reflect displacements as well as normal team-member attrition over that period, the company said.
    Wells Fargo has 265,000 employees, meaning the cuts would encompass as much as 26,000 people.
    Wells have been hit with a range of problems over the last several years, beginning with the fake-accounts scandal in 2016 , when the firm said employees had opened millions of customer accounts without their consent in order to meet sales targets. The revelation forced the...
    Read more ...